An Austrian court in Korneuburg has ruled that the NIKI insolvency proceedings and asset sale should restart from scratch, further casting doubt on International Airlines Group (IAG) acquiring NIKI. NIKI—which filed for insolvency Dec. 13, 2017 and abruptly ceased operations—sealed a deal at the end of December to be acquired by IAG for €20 million ($24 million). However, that was based on insolvency proceedings taking place in Germany. A Berlin regional court ruled ...

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