Niki Lauda wins bid for Niki assets, new airline to be named ‘Laudamotion’
Racing star Niki Lauda wins bid for Niki assets against British Airways holding IAG. The previously agreed sale of Niki to IAG fell through after German courts ruled that Austria is responsible for the insolvency proceedings. Niki’s creditors met on Monday to pick the best bid. “Laudamotion GmbH emerged from a transparent bidding process as…