Dublin-based Ryanair has announced that it will be purchasing a 75 percent stake in a new airline founded by former Austrian Formula One champion Niki Lauda. The announcement comes just two months after IAG had made a failed offer to acquire the airline, previously known as Niki. Lauda's airline, rebranded as LaudaMotion, is seeking to enter a market that is currently dominated by German giant Lufthansa and its Swiss and Austrian subsidiaries. Lauda aims to build LaudaMotion as an Austrian…
Formula One legend Niki Lauda, who survived a horrific crash at the German Grand Prix in 1976 and has since shifted his endeavors to the aviation industry, has defied the odds again and successfully bid for the return of the airline he founded in 2003. Reuters reported on Tuesday that…
Austria continues to be a focus for the European aviation market with Hungarian-based carrier Wizz Air announcing further expansion plans this week with news that they will operate a base at Vienna Airport (VIE) from June 2018. József Váradi, Chief Executive Officer at Wizz Air, said: “Today, everything changes for…
Austrian low-cost airline Niki is one of the most recent casualties of the aviation industry, shutting down operations less than a month ago. Unfortunately, the airline was caught up in the collapse of German carrier Air Berlin. Although marketed as a low-cost carrier, the airline offered many amenities of full-service…
Austrian low-cost carrier, Niki, announced that it was filing for bankruptcy protection on Wednesday. A subsidiary of Air Berlin, who also went bankrupt this past August after Etihad Airways pulled the plug on its cash flow, Niki applied for protection in a Berlin court but stated that they would be…
