Airline

Niki collapses; Apollo Global Management buys Sun County Airlines; Airbus announces succession plan

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Niki collapses; Apollo Global Management buys Sun County Airlines; Airbus announces succession plan

Austrian airline Niki has grounded its aircraft after failing to find a buyer following the collapse of parent Air Berlin. The company has filed for insolvency protection after Lufthansa decided not to purchase the airline possibly connected to the European Commission’s “deep competition concern...

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