Niki Lauda exit from Air Berlin role

Former Formula One racing driver and three-time F1 World Champion Niki Lauda exit from the Board of Directors of the ailing airline, Air Berlin. The 63-year-old Austrian wanted to contribute the future on its role in the F1 team Mercedes.

Niki is joining the Mercedes team as the non-executive chairman of its board of directors. The team’s drivers for 2013 are Lewis Hamilton and Nico Rosberg.

Germany’s second-biggest airline, Air Berlin, says Niki Lauda has left the company’s board to devote more time to his new role with the Mercedes Formula One team. Air Berlin announced on Thursday.

Air Berlin’s board chief Hans-Joachim Körber thanked Lauda for the “dedicated, providing momentum for the benefit of employees of the company.” Writes Air Berlin because of a hasty expansion losses for years. Group CEO Hartmut Mehdorn wants the airline with a tough austerity back into the black.

Successor of the Board is Lauda aviation veteran Austin Reid. The 67 year old has made in the industry, especially as head of the British airline BMI a name, which he headed until 2005. Lufthansa took over BMI completed in 2009, sold it after sustained losses but about a year ago on British Airways.

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