Ryanair has entered an agreement to take a 24.9% stake in Niki Lauda’s new Austrian carrier, LaudaMotion, with a plan to grow ownership to 75%. The deal, announced March 20, means Ryanair wins the airline that International Airlines Group (IAG) and Lufthansa each tried and failed to acquire last year. LaudaMotion, owned by former Formula 1 champion Niki Lauda, will launch using assets acquired from Austrian carrier NIKI, which Lauda also founded. NIKI became a 100% subsidiary of ...

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