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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 25th and flights between Austria and Palma will begin in June.