Ryanair snapping up 75% of Niki Lauda's airline

Ryanair is buying a majority stake in the Austrian airline founded by Niki Lauda less than two months after the former Formula One champion bought it back.

Ryanair snapping up 75% of Niki Lauda's airline
Tue, 20 Mar, 2018 - 10:54

Ryanair is buying a majority stake in the Austrian airline founded by Niki Lauda less than two months after the former Formula One champion bought it back.

The Irish carrier is taking an initial 24.9% stake in LaudaMotion and said it will up its holding to 75% "as soon as possible", subject to EU competition approval.

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