Ryanair Buys 24.9% Of Laudamotion In First Phase Of Acquisition

Ryanair has bought a 24.9% share of Laudamotion, and will eventually own 75% of the airline, if Brussels agrees to the acquisition.     The deal is reportedly costing Ryanair around €50 million  plus another €50 million in launch costs.    Niki Lauda has already announced that Laudamotion flights from Germany to Spain, Italy and Greece will take off on March 25^th and flights between Austria and Palma will begin in June.