Ryanair Acquires 75 Percent of LaudaMotion

PeopleEntrepreneurs ♦ Published: March 20, 2018; 19:01 ♦ (Vindobona)

The Irish low-cost airline Ryanair is paying 100 million euros for the share. Ryanair will initially take over 24.9 percent of Laudamotion and intends to increase it to 75 percent, subject to the approval of the EU competition authority. The airline founder will continue to be in charge.

Ryanair puts €100M on the table for 75% of Laudamotion / Picture: © Novomatic AG

Former world champion and airline founder Niki Lauda has taken off with his airline LaudaMotion.

Only last week he commented on rumours that he might be cooperating with the Irish low-cost airline Ryanair: "I know of nothing." Today he announced that the Irish are taking over 75 percent of LaudaMotion for almost 100 million euros.

Ryanair will initially take over 24.9…