Irish LCC Ryanair has entered into 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 takes an ownership position in an airline that International Airlines Group (IAG) and Lufthansa each tried and failed to acquire. LaudaMotion, owned by former Formula 1 champion Niki Lauda, will launch this month using assets acquired from Austrian carrier NIKI, which Lauda also ...

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