The Dublin-based low-priced giant said LaudaMotion is an Austrian AOC holder owned by Niki Lauda, which recently acquired numerous assets - including A320 aircraft - of the former Niki Airline.
Since then it's tried and failed to take over fellow Irish airline Aer Lingus and past year was a potential bidder for Air Berlin, before pulling out of an auction it claimed was rigged in favor of Deutsche Lufthansa AG.
"Ryanair Holdings Plc today announced that it has entered into a binding agreement with Mr Niki Lauda to support his plan to develop and grow LaudaMotion GmbH", it said in a statement.
Mr Lauda beat rival bidder and British Airways owner International Consolidated Airlines Group (IAG) to snap up Niki when IAG's 36.5 million euro (£32 million) deal fell through after it was ruled that insolvency proceedings had to switch from Austria to Germany, triggering a fresh round of bids.
Now in a fresh blow to the airline giant, today it was confirmed that Ryanair had agreed to support Lauda in his efforts to develop Laudamotion airline, acquiring an initial 24.9 per cent stake in the carrier.
European Union competition regulators past year blocked Germany's Lufthansa from buying Niki Airline's business.
LaudaMotion will include a range of both scheduled and chartered flights operating out of Germany, Austria, and Switzerland, traveling to Mediterranean holiday hotspots like the Balearic Islands, Ibiza, Malaga, Santorini and Crete.
Niki Lauda, chairman of LaudaMotion, said: "I have always stood up for competition and have opposed monopolies".
He said he is looking forward to offering an extensive route network and competitive air fares.
The low-priced giant will pay Lauda less than 50 million euros ($61.7 million) for a majority stake in LaudaMotion, which retook control of carrier Niki just two months ago following the insolvency of Air Berlin.
Ryanair estimates that Laudamotion can reach profitability by its third year of operations and grow its fleet to at least 30 Airbus aircraft "if successful".
Ryanair chief executive Michael O'Leary said he looks forward to working with Niki Lauda to successfully develop his vision.
Before rising to fame in hip-hop, Cardi , 25, worked as a stripper as a way to earn money and leave a bad relationship. The Bronx emcee opened up about why she chose to become an exotic dancer in Cosmopolitan's April issue.
A stock with a price that fluctuates wildly, hits new highs and lows or moves erratically is considered highly volatile. If we take a long term observation, shares have been trading at a distance of -37.23% from the 200-day moving average.
Blackrock Inc increased Bar Hbr Bankshares (NYSEMKT:BHB) stake by 20,631 shares to 792,146 valued at $24.84 million in 2017Q3. Following the sale, the chief operating officer now directly owns 172,883 shares in the company, valued at $9,914,840.05.
The stock is now showing down return of -3.51% throughout last week and witnessed decreasing return of -2.23% in one month period. It is positive, as 45 investors sold NVDA shares while 282 reduced holdings. 21 funds opened positions while 68 raised stakes.
Broward Sheriff Fire Rescue Battalion Chief Michael Kane said Johnson suffered third-degree burns all over her body. Mendez described the incident as traumatizing and said the woman was "just babbling, wasn't talking proper".
He was outstanding in the 2-0 victory at Everton on New Year's Day, but dismal in the 2-0 defeat at Spurs five weeks later. This is a lot more of the same, and it seems that, whoever the sources are, they're trying to calm things down.
The firm has a market capitalization of $101,657.77, a price-to-earnings ratio of 30.49, a PEG ratio of 0.96 and a beta of 1.33. Folketrygdfondet increased its stake in Ericsson (ERIC) by 23.72% based on its latest 2017Q3 regulatory filing with the SEC.
Along with that, Sherman believes he will be back on the field in May or June and be ready to go in time for training camp. And I highly doubt people there are gonna stop eating wings just because I don't play football there anymore.
Sanders told reporters that Trump also didn't raise the issues of election meddling or Russia's allegedly tainted voting process . Dafuq? Notice he didn't mention the poisoning of an enemy and his daughter on British soil or Russia's ongoing cyber attacks.
James Packer has resigned from the Crown board
The 50-year-old Australian plans to step back from all commitments, said a spokesman, who didn't elaborate on Packer's illness. Packer had previously served the board as chairman and as a director.
Labor victorious in Batman by-election
About 30% of the vote is through pre-poll or postal votes and yet to be counted. The byelection was caused by Feeney's resignation in the citizenship crisis.
Investors Sell Shares of Boeing (BA) on Strength (BA)
Since January 1, 0001, it had 0 buys, and 1 sale for $27,813 activity. 2,758 shares were sold by Harris Paul N , worth $51,122. It improved, as 51 investors sold PEP shares while 689 reduced holdings. 116 funds opened positions while 640 raised stakes.
Bezos' new pet: Boston Dynamics' robot dog
Jeff Bezos kicked off Amazon 's annual robotics conference with a scene straight out of a science-fiction movie. At about a size of a Springer Spaniel, the robot dog weighs in at 55 pounds and stands almost 3 feet tall.
US, South Korea to start bilateral military drills
The drills are a major point of contention on the Korean peninsula, as North Korea sees them as preparation for invasion. They were due to begin in March but were postponed amid the diplomatic thaw surrounding the Winter Olympics.
Stock to Track - Lowe's Companies, Inc. (LOW)
The bank reported $0.91 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.91. The stock price moved with change of -6.76% to its 50 Day low point and changed 5.55% comparing to its 50 Day high point.
Stormy weather expected Tuesday night
You will know when it has gone past as the winds will shift and become Northerly and gusty, up to 25 miles per hour . Saturday night , the low will be around 42 with partly cloudy skies, according to the weather service.
Western Gas Partners (NYSE:WES) Rating Reiterated by UBS
The stock of Bank of America Corporation (NYSE:BAC) has "Overweight" rating given on Friday, February 2 by Morgan Stanley. The Manufacturers Life Insurance Company grew its stake in shares of Western Gas Partners by 7.2% in the 2nd quarter.
Voters choosing governor candidates in Illinois
Lipinski's opposition to abortion rights and the Affordable Care Act puts him well out of the Democratic mainstream. Pritzker has saturated the airwaves with ads in his three-way primary against Chris Kennedy, the son of Robert F.