Air Berlin to take over NIKI

Since July 2010 Air Berlin PLC has held a 49.9% stake in NIKI Luftfahrt GmbH. airberlin, the Lauda Private Trust and Niki Lauda have agreed that the Lauda Private Trust will be withdrawing from NIKI Luftfahrt GmbH. The withdrawal of the Lauda Private Trust will be taking place shortly in the course of restructuring measures in accordance with company law. As a result the Lauda Private Trust will be repaying the loan it had received from airberlin by transferring its 50.1% stake in NIKI Luftfahrt GmbH. Austrian control and majority ownership of NIKI Luftfahrt GmbH will in future be ensured by a new private trust that is exclusively Austrian and that will hold a majority stake in NIKI Luftfahrt GmbH. The transfer of the 50.1% stake will not involve any cash payments.