Lufthansa scraps deal for Air Berlin`s Niki
(WorldNews Business)

By Victoria Bryan BERLIN (Reuters) - Lufthansa has abandoned plans to buy Air Berlin subsidiary Niki after being told by the European Commission that it would not allow the deal, meaning Niki could join the list of Europe`s collapsed airlines this year. Tough competition and falling ticket prices have led to the demise of Monarch and Air Berlin while Alitalia has filed for insolvency protection. Lufthansa`s planned takeover of Air Berlin businesses Niki and LGW had raised concerns among rivals that Lufthansa would become too...