The Austrian low-cost airline, Niki, filed for insolvency this week, stranding thousands of passengers across Europe and North Africa.
Thousands of European travelers have been left stranded by the bankruptcy of Austrian budget carrier Niki.
Niki posted a notice on its website informing passengers to contact their tour operator in the hope they can repatriate their customers.
Most of the stranded passengers are on the Spanish island of Majorca.
Lufthansa had been in talks with Niki over a possible takeover, however, the European Commission raised concerns the deal would lead to higher prices and less consumer choice.
As a result, Lufthansa scrapped their plans to absorb Niki into its low-cost subsidiary Eurowings.
A spokesperson for Niki’s administrator said the carrier would lose its runway slots within a few days, one of the most attractive assets for possible buyers.
The airline was founded by Niki Lauda, the Austrian ex-F1 racing champion, in 2003.
Eight years later, Mr Lauda sold his share to Air Berlin. He has since expressed interest in buying back the company.
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