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New Court Ruling Casts Further Doubt On IAG-NIKI Deal

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An Austrian court in Korneuburg has ruled that the NIKI insolvency proceedings and asset sale should restart from scratch, further casting doubt on International Airlines Group (IAG) acquiring NIKI. (atwonline.com) More...

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canuck44
canuck44 1
Want to screw up any deal? Let the lawyers in the door. Now you will have appeals processes going on in two countries with the possibility they will end up with opposite conclusions. Meanwhile the value of the asset deteriorates.
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