Irish LCC Ryanair has gained complete ownership of LaudaMotion with the acquisition of the 25% stake in the Austrian LCC held by its founder, former Formula 1 driver Niki Lauda. The transaction was completed Dec. 31, 2018; Ryanair had previously acquired a 75% stake in LaudaMotion. Lauda will remain as chairman of the subsidiary’s shareholders committee, Ryanair CEO Michael O’Leary told ATW in Vienna. Lauda, founder of bankrupt airberlin subsidiary NIKI, retook ownership of ...

Subscribe to Access this Entire Article

"Ryanair acquires 100% ownership of LaudaMotion" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.