DGAP-News: One Square Advisory Services GmbH: Air Berlin plc - Announcement by IAG, owner of airlines British Airways, Iberia and Vueling, to acquire insolvent NIKI Luftfahrt GmbH for EUR 20m from Air Berlin and provide immediate additional liquidity of EUR 16.5m
02.01.2018 (www.4investors.de) -
DGAP-News: One Square Advisory Services GmbH / Key word(s): Bond/Insolvency
One Square Advisory Services GmbH: Air Berlin plc - Announcement by IAG, owner of airlines British Airways, Iberia and Vueling, to acquire insolvent NIKI Luftfahrt GmbH for EUR 20m from Air Berlin and provide immediate additional liquidity of EUR 16.5m
02.01.2018 / 18:41
The issuer is solely responsible for the content of this announcement.
Munich, 2. January 2018 - International Consolidated Airlines Group, S.A ("IAG") announced on Friday the 29. December 2017 that it has reached an agreement to acquire insolvent NIKI Luftfahrt GmbH ("NIKI") for EUR 20m from the Air Berlin plc ("Air Berlin") insolvency estate. IAG further committed to provide immediate additional liquidity of EUR 16.5m to NIKI. According to the announcement by IAG and Air Berlin's insolvency administrator Lucas Floether, the agreement has been reached shortly after NIKI's aborted sale to Deutsche Lufthansa AG and subsequent insolvency filing to avoid the loss of valuable takeoff and landing slots. The transaction is subject to regulatory approval by the European Commission but is expected to close in February 2018.
KEOS GbR ("KEOS"), as joint representative of the EUR 225m, 2011/2018, 8.250% bond (the "Bond" / ISIN: DE000AB100B4 / WKN: AB100B), examines the impact of these recent developments on the liquidation estate in the insolvency proceedings of Air Berlin plc and the recovery prospects of creditors of Air Berlin plc.
KEOS informs registered bondholders about the proceedings and is available for further questions at any time via email at email@example.com. Bondholders of the Bond, who have not registered with us thus far, are asked to please register via email or on our homepage at www.onesquareadvisors.com under the heading "Bonds" / "Air Berlin".
c/o One Square Advisory Services GmbH
fax +49 89 15 989822
02.01.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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