Ryanair finalizes Laudamotion takeover
Ryanair finalized Laudamotion acquisition on August 29, 2018. The Irish low-cost carrier now holds a 75% stake in the Austrian airline, while the rest remains property of its founder, Niki Lauda. Laudamotion, which remains an independent airline, also unveiled a new livery.
The airline known as Niki was bought back by Niki Lauda after Air Berlin (AB1) , the parent company that acquired it back in 2011, went bankrupt. Using his own assets, he rebranded the airline into Laudamotion.
On March 20, 2018, Ryanair announced its decision to acquire a major stake in Laudamotion for €50 million, after IAG and Lufthansa (LHAB) (LHA) were turned down. While Ryanair will provide financial and management support to Laudamotion, Niki Lauda shall remain Chairman of the Board.
For now, Laudamotion should operate as an independent airline. Ryanair also promises it would double its fleet by summer of 2019, bringing it up to 19 Airbus A320s (the only Airbus maintained by Ryanair). Ryanair expects Laudamotion to see profit in 2019.
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