German lawmaker blasts EU for opposing Niki sale to Lufthansa | The Daily Star
12:00 AM, January 01, 2018 / LAST MODIFIED: 12:00 AM, January 01, 2018

German lawmaker blasts EU for opposing Niki sale to Lufthansa

The German government will probably lose a 150 million-euro government-backed loan to insolvent Air Berlin because the European Union opposed Lufthansa's purchase of Air Berlin's Austrian unit, Niki, a senior member of Chancellor Angela Merkel's conservatives said on Sunday.

British Airways owner IAG said on Friday that it would buy Niki for 20 million euros and provide additional liquidity to the company of up to 16.5 million euros, closing the final chapter in the demise of Air Berlin . Air Berlin filed for insolvency earlier this year.

“The damages will be borne by creditors and German taxpayers, who will see nothing of the Air Berlin bridging loan in the amount of 150 million euros,” said Hans Michelbach, deputy leader of the Bavarian CSU party in parliament and financial spokesman for the conservative bloc.

The situation would have been different if Lufthansa had been allowed to buy the airline for nearly 200 million euros, Michelbach said. Lufthansa backed out of an agreement to buy Niki after the European Commission indicated it would block the sale .

The German government had also criticized the Commission's position earlier this month, forecasting that only part of the bridging loan from the KfW bank would be repaid.

The Bavarian lawmaker called for a detailed investigation of the Air Berlin and Niki insolvencies and the actions of the European Commissioner Margrethe Vestager.

He said details that had emerged appeared to show that the EU had carried out secret negotiations and provoked Lufthansa's withdrawal of its takeover offer for Niki in order to “make possible the takeover by a certain investor at a bargain price.”

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