February 28, 2018 / 6:52 PM / 2 years ago

Sale of Austrian airline Niki to Lauda has closed: insolvency manager

FILE PHOTO: Former motor racing champion Niki Lauda adjusts his hat during a meeting with Niki's employees at Vienna airport in Schwechat, Austria, January 24, 2018. REUTERS/Leonhard Foeger

FRANKFURT (Reuters) - The sale of insolvent Austrian airline Niki to former motor racing champion Niki Lauda closed on Wednesday, the insolvency manager Lucas Floether said.

The assets of Niki Luftfahrt GmbH have been transferred to Lauda Motion, he said.

In January, Lauda won the bidding for the Niki airline he founded, which had been part of the failed German airline Air Berlin AB1.DE.

Reporting by Tom Sims; Editing by Susan Fenton

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