{"id":3517,"date":"2019-01-29T07:28:28","date_gmt":"2019-01-29T13:28:28","guid":{"rendered":"http:\/\/planesintheair.com\/?p=3517"},"modified":"2019-01-29T07:28:30","modified_gmt":"2019-01-29T13:28:30","slug":"ryanair-acquires-remainder-of-austrias-laudamotion","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=3517","title":{"rendered":"Ryanair Acquires Remainder of Austria&#8217;s Laudamotion"},"content":{"rendered":"\n<p>VIENNA (Reuters) &#8211; Irish budget airline Ryanair has acquired the remaining quarter of its Austrian unit Laudamotion for an undisclosed price, it said on Tuesday.<\/p>\n\n\n\n<p>Europe&#8217;s largest budget carrier previously owned a 75 percent stake in Laudamotion. Former Formula One racing champion Niki Lauda, who last year bought back and re-branded the airline he founded, gave Ryanair the option to buy the whole carrier.<\/p>\n\n\n\n<p>&#8220;Laudamotion is now a 100 percent-owned subsidiary of Ryanair Holdings plc,&#8221; Laudamotion said in a statement. It detailed plans to grow rapidly in the coming years, to 7.5 million passengers and 30 aircraft in 2021 from 4 million passengers and 19 aircraft this year.<\/p>\n\n\n\n<p>At a news conference at Vienna&#8217;s main airport, Ryanair Chief Executive Michael O&#8217;Leary declined to disclose the price his company paid for Laudamotion.<\/p>\n\n\n\n<p>The deal for the last stake was completed on Dec. 31 but had nothing to do with Lauda&#8217;s brief return to hospital shortly afterwards, O&#8217;Leary said. Lauda will stay on as chairman of Laudamotion&#8217;s board.<\/p>\n\n\n\n<p>&#8220;Niki has great experience in the airline industry, particularly in the airline industry in Germany and in Austria,&#8221; O&#8217;Leary said when asked about Lauda&#8217;s role. &#8220;He knows all the players. When we were buying it (Laudamotion) he had access to the various ministers in Austria, which we didn&#8217;t have.&#8221;<\/p>\n\n\n\n<p>(Reporting by Francois Murphy; editing by Jason Neely and Emelia Sithole-Matarise)<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2018\/11\/737-900-1024x554.jpg\" alt=\"\" class=\"wp-image-2977\" width=\"615\" height=\"332\" srcset=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2018\/11\/737-900-1024x554.jpg 1024w, https:\/\/planesintheair.com\/wp-content\/uploads\/2018\/11\/737-900-300x162.jpg 300w, https:\/\/planesintheair.com\/wp-content\/uploads\/2018\/11\/737-900-768x415.jpg 768w, https:\/\/planesintheair.com\/wp-content\/uploads\/2018\/11\/737-900.jpg 1480w\" sizes=\"auto, (max-width: 615px) 100vw, 615px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2019\/01\/Laudamotion.jpg\" alt=\"\" class=\"wp-image-3519\" width=\"614\" height=\"410\" srcset=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2019\/01\/Laudamotion.jpg 620w, https:\/\/planesintheair.com\/wp-content\/uploads\/2019\/01\/Laudamotion-300x200.jpg 300w\" sizes=\"auto, (max-width: 614px) 100vw, 614px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Irish budget airline Ryanair has acquired the remaining quarter of its Austrian unit Laudamotion for an undisclosed price, it said on Tuesday. Europe&#8217;s largest budget carrier previously owned a 75 percent stake in Laudamotion. Former Formula One racing champion Niki Lauda,<\/p>\n","protected":false},"author":1,"featured_media":3519,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[797,89,2203,1397,868,1103],"tags":[539,420,92,3239,160,1190,1925,3236,1767,617,571,1922,616,2616,2884,412,531,2885,618,3237,1288,418,3238],"class_list":["post-3517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-airline-news","category-aviation-news","category-finance-news","category-stock-news","category-transportation-news","category-travel-news","tag-air","tag-airline","tag-airport","tag-austria","tag-aviation","tag-budget","tag-carrier","tag-champion","tag-europe","tag-formula","tag-germany","tag-irish","tag-lauda","tag-laudamotion","tag-michael","tag-news","tag-niki","tag-oleary","tag-one","tag-racing","tag-reuters","tag-ryanair","tag-vienna"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/3517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3517"}],"version-history":[{"count":2,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/3517\/revisions"}],"predecessor-version":[{"id":3520,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/3517\/revisions\/3520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/media\/3519"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}