Aer Lingus goes head-to-head with Ryanair in fight for Europe's skies
IAG is going head-to-head with Ryanair as it launches Level from Vienna next month. It marks further intensification of competition within Europe's aviation market, and will increase pressure on Ryanair to deliver returns for its shareholders from its investment in Lauda Motion. Until now, Level had focused on low-cost, long-haul services from Barcelona and Paris to destinations in North and South America, and the Caribbean Earlier this year, Ryanair acquired an initial 24.9% stake in Lauda Motion, and is waiting for EU approval to increase it to 75%. It recently signed an option to buy all of Lauda Motion in 4 years' time. Ryanair has previously stated that it expects Lauda Motion to be profitable within three years and to eventually have a fleet of at least 30 aircraft. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-07-02/unaligned/aer-lingus-goes-head-to-head-with-ryanair-in-fight-for-europes-skies
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Aer Lingus goes head-to-head with Ryanair in fight for Europe's skies
IAG is going head-to-head with Ryanair as it launches Level from Vienna next month. It marks further intensification of competition within Europe's aviation market, and will increase pressure on Ryanair to deliver returns for its shareholders from its investment in Lauda Motion. Until now, Level had focused on low-cost, long-haul services from Barcelona and Paris to destinations in North and South America, and the Caribbean Earlier this year, Ryanair acquired an initial 24.9% stake in Lauda Motion, and is waiting for EU approval to increase it to 75%. It recently signed an option to buy all of Lauda Motion in 4 years' time. Ryanair has previously stated that it expects Lauda Motion to be profitable within three years and to eventually have a fleet of at least 30 aircraft. <br/>
