LaudaMotion Airline will operate flights from Germany, Austria, and Switzerland to Mediterranean destinations.
Niki Lauda will be the company’s director and will oversee the implementation of the strategy aimed at building a low-cost airline that performs financially in Europe.
Ryanair will provide 75% of the project’s financial support and will also contribute six aircraft out of the company’s 21.
Initially, the investment cost will amount to 50 million EUR, and the Irish company will contribute another 50 million USD in the first year of operation.
Source: Wall-Street
Frequently Asked Questions
What is LaudaMotion?
LaudaMotion is a new low-cost airline founded by Niki Lauda in partnership with Ryanair, focusing on the European market.
Which destinations will LaudaMotion serve?
The airline will operate flights from Germany, Austria, and Switzerland to various holiday destinations across the Mediterranean.
What is Ryanair’s role in the new airline?
Ryanair provides 75% of the financial backing, including aircraft and an initial investment exceeding 100 million dollars.