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BA owner IAG to buy insolvent Austrian holiday airline Niki

FRANKFURT (Reuters) - British Airways' owner IAG said on Friday it would buy Niki, Air Berlin's insolvent Austrian holiday airline, for 20 million euros ($24.01 million) and provide additional liquidity to the company of up to 16.5 million euros.

BA owner IAG to buy insolvent Austrian holiday airline Niki
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