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Laudamotion, which operates under the Lauda brand, will close by the end of 2020. Its assets will be moved to a new Lauda Europe brand, which will provide wet lease services for other Ryanair Group airlines. (Photo: AirlineGeeks | William Derrickson)

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,…