Etihad exploring options for leisure airline Niki
The Abu Dhabi airline bought Niki from Air Berlin for $351m earlier this year
Etihad Airways said on Tuesday it continues to explore options for leisure airline Niki which it bought from Air Berlin for 300m euros ($351m) earlier this year.
Etihad agreed to buy Niki as part of a deal to create a holiday airline in a joint venture with TUI Group. Those talks fell apart in June.
Read more: Abu Dhabi’s Etihad Aviation Group ends JV talks with TUI AG
Earlier on Tuesday, Air Berlin said it had filed for insolvency. Niki is not part of the insolvency proceedings.
A TUI spokesman said it was in talks with Air Berlin over its wet lease contract with Air Berlin, which sees TUIFly planes leased to Niki.
Also read: Etihad expresses ‘disappointment’ as Air Berlin files for insolvency