Laudiamotion to Close, Transfer Assets

Ryanair Group low-cost subsidiary Laudamotion has announced that it will cease operations by the end of 2020. Its assets will be transferred to a new airline called Lauda Europe, which has begun the process to receive certification in Malta, ch-aviation reports. Lauda Europe, which plans to receive its Air Operator Certificate (AOC) and commence operations by November 2020, will continue to operate Airbus A320-200s under wet-lease terms for the entire Ryanair Group. It will utilize Laudamotion’s current bases in Austria,…