Ryanair acquires 100% shareholding in Laudamotion

Lauren Eldershaw
By Lauren Eldershaw January 29, 2019 10:36

Ryanair acquires 100% shareholding in Laudamotion

Laudamotion has confirmed that Ryanair completed the purchase of 100% shareholding in Laudamotion GmbH from NL Holdings in late December. Laudamotion now becomes a 100% subsidiary of Ryanair Holdings Plc.

With the support of Ryanair Holdings, Laudamotion has announced a series of growth initiatives, including increasing Lauda’s fleet to 25 aircraft in summer 2019, up from 19. Lauda has also announced that it has signed LOI agreements with a number of lessors which will increase its Summer 2020 fleet to 30 aircraft.

This summer, Laudamotion will operate four bases as it grows in Vienna from four to eight aircraft, Dusseldorf seven aircraft, Stuttgart three aircraft, and Palma two aircraft. In winter 2019, the Vienna base will increase further to 11 aircraft.

Laudamotion has announced details of up to 400 new jobs for pilots, cabin crew, and engineers across its four bases. It also unveiled details of its new Head Office (at Concorde Business Park), which it will move into in March 2019.

Speaking in Vienna, Laudamotion’s CEO, Andreas Gruber, said: “With the backing of Ryanair, Laudamotion is set to grow strongly over the next three years to carry 10m passengers p.a. … Our summer ’19 program will allow us to carry six 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.”

Lauren Eldershaw
By Lauren Eldershaw January 29, 2019 10:36