Ryanair takes over Laudamotion

According to Laudamotion, the airline is now a 100% subsidiary of Ryanair Holding/Foto: Reuters

As was announced yesterday, Ryanair, Europe’s largest low-cost airline, has completely taken over Laudamotion, the airline of Niki Lauda, and expanding in Vienna …

The Irish low-cost airline Ryanair has taken over all shares of Laudamotion. Ryanair previously held 75 per cent of the Austrian airline Laudamotion, Niki Lauda Holding the remaining 25 per cent. According to Laudamotion, the airline is now a 100% subsidiary of Ryanair Holding.
Laudamotion has an ambitious growth plan. In the summer, the fleet is to be expanded from 19 to 25 aircraft and by the 2021/22 financial year to 40 aircraft. The airline then intends to carry ten million passengers – in the first business year after its foundation in 2018, the company expects four million passengers and losses of around 140 million euros. However, the company has no long-haul plans. Company boss Gruber explained that he expects a maximum loss of 50 million euros in the second business year. In the third business year, the airline is expected to fly profitably.

The situation at Vienna International Airport is getting even tighter, the rush of low-cost airlines continues….

http://visionsblog.info/en/2018/07/22/%ef%bb%bflow-cost-air-rush-vienna-airport/

Sources: dpa, mirror online, Laudamotion, Visionsblog.info