Airline founder Niki Lauda passes away aged 70

Former three-time Formula One racing world champion and founder of airlines, Niki Lauda has died in Zurich, Switzerland aged 70. Lauda, who underwent a lung transplant in August, won the championship for Ferrari in 1975 and 1977 as well as another for McLaren in 1984. He made a remarkable recovery and return to racing, just 40 days later, following his involvement in a horrific crash in the 1976 German Grand Prix. Elsewhere, in 1979 Lauda founded  five airlines including three in his home country of Austria – Niki, LaudaMotion and Lauda Air – his first foray into the aviation industry in 1979.