Low-cost airline Ryanair has received approval from the European Commission to take control of the low-cost airline Laudamotion, founded by Austrian Niki Lauda, triple Formula 1 world champion.
In the spring of this year, Ryanair agreed to acquire a 24.9% stake in Laudamotion, and has now received approval from Brussels to increase its stake to 75%, giving it majority shareholder status.
Ryanair stated that it intends to expand in Vienna in the coming years and build a base with up to 50 aircraft.
Source: Profit
Frequently Asked Questions
What percentage of Laudamotion will Ryanair own?
Ryanair has received approval to increase its stake to 75%, becoming the majority shareholder.
Who founded Laudamotion?
Laudamotion was founded by Niki Lauda, the legendary Austrian triple Formula 1 world champion.
What are Ryanair’s plans for the Vienna base?
Ryanair plans to expand its presence in Vienna by building a base with up to 50 aircraft in the coming years.