Source: seebiz.eu | Sunday, 15.07.2018.| 12:21
Highlight an article Print out the news

Ryanair authorized to acquire 75% of Laudamotion

(Photo: Rebius/shutterstock.com)
The European Commission has approved the purchase of the Austrian low-cost airliner Laudamotion by the Irish airliner Ryanair.

Rayanair will thereby be able to take over 75% of Laudamotion, the airliner formed from Austria’s Niki, an ex-subsidiary of Air Berlin.

Laudamotion mostly flies from Germany, Austria and Switzerland to tourist destinations in the Mediterranean and the Canary Islands.

It is not known how much Ryanair will pay for Laudamotion.

Let us remind that Ryanair announced in late March that it would set aside slightly under EUR 50 million for a 75% stake and an additional EUR 50 million for investments.

Only logged-in users can comment.
Follow the news, tenders, grants, legal regulations and reports on our portal.
Testiraj besplatno!
Register for our daily business bulletin, which is sent to your email address at the end of each work day.
Full information is available only to commercial users-subscribers and it is necessary to log in.
Test for free!
Testiraj besplatno!
Full information is available to commercial users-subscribers only.
Testiraj besplatno!

Log in to view complete information:
Forgot your password? Click here HERE
For free test use, click HERE