Ryanair is buying 75 per cent of an airline founded by multiple Formula One champion, Niki Lauda, in its first acquisition in 15 years.
The move gives the Irish carrier a foothold in the former Air Berlin business, which Ryanair was eyeing after the German airline was declared insolvent last year.
Ryanair said on Tuesday it will invest 100 million in Austrias LaudaMotion, which it will help develop as a low-fares airline.
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