future of budget airline nikky all stricken form a motor racing legend niki lauda has been selected finally to buy the assets of the airline that he founded in two thousand and three and allowed as bit was preferred over spanish british group i agee eve wailing. owner off british airways had agreed to buy nicky and make it part of its low cost carrier unit but a bulletin court allowed in the case insolvency proceedings to be shifted to all street and a big loud motions bid it was the third offer by the former formula one driver since september for nicky and formally of course a unit of now bankrupt. the leaders of the world's biggest economies are expected to attend to the world economic forum in davos this week security is always paramount with so many prominent figures have cordoned off the entire valley the security costs topping eight million euros but then of course there's a lot to organize to make this high level event

. >>> this week on "in depth" -- formula 1 legend niki lauda.

niki lauda has his airline back the formula one legend with a passion for aviation founded austrian holiday carey and nicki in two thousand and three seven years later he sold it to where burleson when it went bankrupt lauder tried several times to buy nicky back now he's paid some fifty million euros to take it back under his own wing again. nicky currently has twenty one leased aircraft that has apparently already moved to retain fifteen of those it also employs around a thousand staff including two hundred twenty pilots. nicky flies from germany austria and switzerland primarily to mediterranean destinations. now that is the third bidder from the queue since air berlin went broke the first successful bid came from love to answer but that deal fell through in december over e.u. antitrust concerns when negotiations reopened a legal stumbling block scuppered a sale to the parent company of british airways iberia where ling third time's a charm it seems to hold on to its slots and landing rights nicky has to be airborne again by march it will be operating in collaboration with tour operator

niki lauda has his airline back the formula one legend with a passion for heavy ation founded on holiday carrier nikki back in two thousand and three seven years later he sold it to air berlin when the airline went bankrupt while the tried several times to get nicky back. nicky currently has twenty one at least aircraft has apparently already moved to retain fifteen of those the airline also employs a thousand staff including two hundred twenty pilots flight operate from germany austria switzerland and the mediterranean does move is welcome news to the airlines employees if. it was surprising for us. when it's compared to his offer last december which left things unclear. most of the schlock would take is still any good his latest offer is better for the staff. so it was signalling that jobs will be retained under the same working conditions you can see at the op it's because even when still to be seen and still not certain how much louder is paying for nicky he plans to have the airline airborne again by march in collaboration with twelve prater thomas cook is the third bit of air berli