BA owner IAG to buy insolvent Austrian holiday airline Niki

FRANKFURT (Reuters) - British Airways' owner IAG said on Friday it would buy Niki, Air Berlin's insolvent Austrian holiday airline, for 20 million euros (18 million pounds) and provide additional liquidity to the company of up to 16.5 million euros.

from Reuters: Top News http://uk.reuters.com/article/uk-iag-niki/ba-owner-iag-to-buy-insolvent-austrian-holiday-airline-niki-idUKKBN1EN1ND?feedType=RSS&feedName=topNews