December 28, 2017 / 1:47 PM / 6 months ago

IAG is remaining bidder for insolvent airline Niki: source

FRANKFURT (Reuters) - British Airways owner IAG (ICAG.L) is negotiating exclusively with Niki’s insolvency administrator to take over the collapsed Austrian airline, a source close to the process said on Thursday.

FILE PHOTO: A couple stand near an empty Niki customer care desk at Palma de Mallorca airport, Spain, December 14, 2017. REUTERS/Clara Margais

“IAG is the last remaining bidder and is still negotiating now,” the person said, adding that the company had put in the highest offer - a double-digit million-euro amount.

Reporting by Ilona Wissenbach; Writing by Georgina Prodhan; Editing by Tom Sims

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