Sponsored Content
Niki Lauda
Ryanair's Laudamotion to Close Vienna Base
Laudamotion closes its base in Vienna on 29 May, 300 people lose their jobs. The trade union Vida did not agree to an ultimatum by the airline, which would have brought a new collective agreement with significantly lower wages.
May 22, 2020
Laudamotion Ceases Air Operations
Following today's announcement that Austrian Airlines will cease flight operations with effect from Wednesday, Ryanair's subsidiary Laudamotion will cease flight operations with immediate effect.
March 16, 2020
Farewell to Formula 1 Legend Niki Lauda
The international sports world and everyone who knew him bid farewell to Formula 1 legend Niki Lauda. Many celebrities were present at the funerals in St. Stephen's Cathedral in Vienna, along with his family, friends and companions. During the requiem, Austrian Federal President Alexander Van der Bellen said that we were standing at the coffin of a great Austrian.
May 30, 2019
Ryanair's Austrian Subsidiary Laudamotion Renamed to Lauda
The Austrian Ryanair subsidiary, the low-cost airline Laudamotion, has separated from the name "Motion" for marketing reasons and is now called only "Lauda". In addition, the fleet will be expanded and more destinations will be served.
March 22, 2019
Irish Ryanair Acquires Austrian Laudamotion Completely
The Austrian Niki-Airline successor Laudamotion has now been taken over 100% by Ryanair. Ryanair last held three quarters of the shares of Laudamotion. No information was given about the price for the remaining 25 percent.
January 29, 2019
Austrian Budget Airline LaudaMotion: Fighting the Top Dog Lufthansa
LaudaMotion is to become a powerful low-cost airline. Ryanair ultimately intends to acquire a 75 percent stake. From June 2018, a total of 65 routes are to be served from Vienna, from seven German airports (Berlin/Tegel, Cologne, Düsseldorf, Frankfurt, Munich, Nuremberg, Stuttgart) and from Zurich to the Mediterranean region and to the Canary Islands.
March 30, 2018
Ryanair Acquires 75 Percent of LaudaMotion
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.
March 20, 2018
Niki Lauda Acquires Stakes in Benko's Real Estate Firms
The private foundation of former Formula 1 driver Niki Lauda will acquire 1% of Signa Prime and a 10% stake in Signa Retail.
July 17, 2015
AUA: Negotiations Go On
Austrian Airlines does not face strikes. Not only AUA´s management is under pressure. Workers fear a new foundation of AUA or a re-sale.
March 5, 2012
Lauda Leaves FlyNiki
Niki Lauda, founder of the Austrian Airline FlyNiki, sells his 50.1% stake to the German Air Berlin.
November 8, 2011
Emirates Wins Dispute over Air Rights
The Middle Eastern airline was allowed to offer 13 connections per week from Dubai to Vienna.
October 28, 2011
FlyNiki with Passenger Increase from Vienna Airport
The number of passengers departing from Vienna with Niki Lauda’s airline grew by 29% in the first half of 2011.
July 27, 2011
Sales Increase for FlyNiki
Niki Lauda’s airline achieved strong growth in 2010, regarding both passengers and sales. The EBIT declined however.
March 31, 2011
Discounts for Austrian Airlines and Lauda at Vienna International Airport
Vienna International Airport grants Austrian Airlines and Flyniki discounts. Flyniki rises to the second most important partner.
November 25, 2010
Lauda is Evaluating whether to Move From Vienna
The owner and CEO of the Austrian low-cost airline Flyniki is considering a withdrawal from Austria. He is very upset over the tax on airline tickets to be implemented on January 1, 2001.
November 2, 2010
Fast News Search
