January 8, 2018 / 2:45 PM / 7 months ago

German court says Niki insolvency in Austria's jurisdiction

FRANKFURT, Jan 8 (Reuters) - A Berlin court said airline Niki was not under German jurisdiction, backing a legal challenge to the carrier’s insolvency filing and calling into question a deal for Britain’s IAG to buy the Air Berlin unit.

The regional court for Berlin said on Monday it was reversing a lower court’s Dec. 13 decision to allow insolvency proceedings because Austria, not Germany, was responsible for Niki’s insolvency proceedings. (Reporting by Maria Sheahan; Editing by Tom Sims)

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