Company Administrator: Bids for Insolvent Airline Niki Due by Thursday

Ken Fielding[CC BY-SA 3.0] via Wikimedia Commons

On Monday, the administrator of Niki said that bidders for the insolvent airline, have until Thursday to submit their bids for the Austrian unit of the collapsed Air Berlin.

Lucas Floether informed DPA, a German news agency: “None of the possible buyers have presented a binding, fully financed offer, but there are indications of interest.”

“We have set a deadline for binding offers for midday on Thursday,” stated Floether, while refusing to provide information on the bidders.

Last week, Niki filed for insolvency after Lufthansa of Germany dropped plans to acquire its business, grounding the fleet of the airline and stranding numerous passengers.

Niki Lauda, Founder and former Formula One champion, as well as Thomas Cook, the tour operator, and Ryanair, an Irish budget carrier, have displayed an interest in taking over the company.