Lauda buys Austrian airline

Niki Lauda has returned to the world of aviation, according to reports in the Austrian press on Friday.

Die Presse newspaper said it is the fourth airline foray for the F1 legend, commentator and Mercedes team chairman, having bought Vienna based Amira Air just before Christmas.

"(Owner) Ronny Pecik asked me if I’m interested. So I looked into it," the 66-year-old said.

Media reports said Amira Air, an executive charter airline, has 12 aircraft and 70 staff.

"I want to develop it," Lauda added. Previously, Lauda’s airlines were called ’Lauda Air’ and ’Niki’, so when asked if he intends to change the name, he answered: "I am still thinking about it."

The reports said Lauda also intends to occasionally operate within the company as a pilot.