Ryanair Acquires 100% Shareholding In Laudamotion
Ryanair has completed the purchase of 100% shareholding in Laudamotion GmbH from NL Holdings, meaning that the Austrian airline is now a 100% subsidiary of Ryanair Holdings Plc.
With the support of Ryanair Holdings, Laudamotion has announces a series of growth initiatives, which includes:
- Increasing Lauda’s fleet to 25 aircraft in summer 2019. Lauda has also signed LOI agreements with a number of lessors which will increase its summer 2020 fleet to 30 Airbus aircraft.
- This summer, Laudamotion will operate four bases as it grows in Vienna from four to eight aircraft, with seven aircraft in Dusseldorf, three in Stuttgart and two in Palma. In winter 2019, the Vienna base will increase further to 11 aircraft.
- Addtionally, Laudamotion has announced details of up to 400 new jobs for pilots, cabin crew and engineers across its four bases, and it has unveiled details of its new head office at Concorde Business Park, into which it will move in March 2019.
Set For Strong Growth
Laudamotion’s CEO Andreas Gruber commented, "With the backing of Ryanair, Laudamotion is set to grow strongly over the next three years to carry 10 million passengers p.a. We will release details of up to 20 new routes for winter 2019 once we have completed our airport and handling negotiations by the end of March. Our summer '19 program will allow us to carry 6 million passengers in year two, a growth rate of 50% over the four million carried in year one, as we continue to offer our customers in Vienna, Stuttgart, Dusseldorf and Palma the lowest air fares on a fleet of young Airbus aircraft with widespread passenger appeal and great Lauda service."
© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.