At the close of 2017, International Airlines Group (IAG) confirmed plans to purchase Austrian airline NIKI, which was formerly part of the Air Berlin group, for €20 million and provide liquidity to NIKI of up to €16.5 million. NIKI will be acquired by a newly formed subsidiary of Vueling which will be incorporated as an Austrian company and run initially as a separate operation, said IAG in a statement on December 29. The deal remains subject to EC competition approval. NIKI’s assets include up to 15 A320 family aircraft and a slot portfolio at various airports including Vienna, Dusseldorf, Munich,

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