Lauda Motion GmbH, operating as Laudamotion, is an Austrian low-cost airline. Former Formula 1 driver Niki Lauda has a minority stake in the airline. In 2018, the airline acquired Niki, an airline that previously had ties to Niki Lauda, which led to a refocus from business jet operations to scheduled leisure services.
The airline was founded in 2004 as Amira Air. In early 2016, Niki Lauda took over Amira Air and renamed the company Laudamotion. Up until February 2018, Laudamotion operated chartered business flights with a fleet of business jets. This operation was moved to a new unit to make way for scheduled passenger flights.
Source: Wikipedia November 2018