Ryanair Is Buying a Majority Stake in An Austrian Airline

Ryanair Holdings Plc agreed to buy an Austrian airline from former Formula One motor racing champion Niki Lauda.

The company plans to eventually obtain a majority stake in LaudaMotion, the carrier’s holding company.

Lauda will become chairman of LaudaMotion, and will oversee the rebuilding of Niki after losing the carrier a few months ago. Ryanair will also invest 50 million euros to help the carrier get back to business and grow their fleet to 30 by the end of the third year.

An initial purchase of 25 percent will grow to 75 percent over time, and then the company will be sent to the European Union for approval as a majority stakeholder.

Read more at Skift

Follow us on social media for the latest updates in B2B!

Latest

Bluedot’s Report Offers Restaurants Insight Into Consumer Spending Behaviors
September 23, 2022
Inflation and ongoing concerns of a recession are affecting consumer spending behaviors. And as always, the restaurant industry is a great place to take the temperature of what people are willing to Read more
Advancements in Bone Health Imaging with Dr. Ego Seeman
September 23, 2022
  CurveBeam AI Medical Director - Endocrinology Prof. Ego Seeman recently sat down with Vinti Singh, CurveBeam AI’s Marketing Director, to discuss the future of bone health imaging. Prof. Seeman is a Read more
OT and IT Edge Convergence and the Emergence of the Edge Marketplace
OT and IT Edge Convergence and the Emergence of the Edge Marketplace
September 23, 2022
To win the edge ecosystem game, it will take a village approach. Edge is no longer a linear value chain, going from step to step. An emerging circular value chain, with an open and extendable Read more