Ryanair have taken a 24.9 per cent share in 'new' Austrian airline LaudaMotion fronted by Nikki Lauda. The share will increase to 75 per cent subject to EU approval. Ryanair will provide management and financial assistance as well as leasing six aircraft to LaudaMotion to fulfill its full flying programme for summer 1918.
I see the share price of Wizz has dropped nearly two per cent on the news with the news that they will have stuff competition at Vienna.