Wizz Air Holdings PLC Wizz Air connects Budapest to 5 West Balkan cities (9654R)
December 15 2016 - 5:15AM
UK Regulatory
TIDMWIZZ
RNS Number : 9654R
Wizz Air Holdings PLC
15 December 2016
WIZZ AIR AWARDED 4 YEAR CONCESSION BY THE HUNGARIAN GOVERNMENT
TO CONNECT HUNGARY TO MACEDONIA, ALBANIA, KOSOVO, MONTENEGRO AND
BOSNIA & HERCEGOVINA
Ticker: WIZZ
Geneva, 15 December 2016: Wizz Air Holdings Plc ("Wizz Air", the
"Company" and, together with its subsidiaries, the "Group"), the
largest low-cost airline in Central and Eastern Europe, announced
today five new West Balkan routes from Budapest that will commence
in April 2017. The new routes will connect Budapest with five
capitals of countries in the West Balkan region, Skopje in
Macedonia, Podgorica in Montenegro, Tirana in Albania, Prishtina in
Kosovo and Sarajevo in Bosnia and Herzegovina.
Earlier this year the National Ministry of Development enacted
that a public service obligation is imposed, and announced a public
procurement tender for operating the routes connecting Hungary with
important economic routes in the region. The tender invitation was
published in the Official Journal of the European Union, Wizz Air
applied and was awarded the concession for four years.
The new routes will connect the countries directly, boost
bi-directional tourism and establish an important link for trade
and business between Hungary, Macedonia, Montenegro, Albania,
Kosovo and Bosnia and Herzegovina.
Speaking at a press conference in Budapest, József Váradi, Chief
Executive Officer of Wizz Air, said:
"Today's announcement further underlines our commitment to
Hungary as de facto Hungarian national carrier. In the past few
months we have made several major announcements including basing a
new aircraft at Budapest in April, revealing the unique Budapest
livery that is designed to promote the city with Budapest 2024
Olympic and Paralympic Bid elements, announced four new routes to
start in 2017 and today we add another 5 strategically important
routes to our Budapest network. Today's announcement is the result
of a first ever example of imposing a public service obligation in
aviation industry in Hungary. We believe that this unprecedented
example will help stimulate economic and business relations between
the countries as well as further improve accessibility to Budapest
where WIZZ has the most diverse network, offering 59 routes to 28
countries."
End.
About Wizz Air
Wizz Air is the largest low-cost airline in Central and Eastern
Europe, operates a fleet of 74 Airbus A320 and Airbus A321
aircraft, and offers more than 480 routes from 27 bases, connecting
133 destinations across 40 countries. At Wizz Air, a team of
approximately 3,000 aviation professionals delivers superior
service and very low ticket prices making Wizz Air the preferred
choice of 22.4 million passengers in the past twelve months ending
30 November 2016. Wizz Air is listed on the London Stock Exchange
under the ticker WIZZ and is included in the FTSE 250 and FTSE
All-Share Indices. Wizz Air is registered under the International
Air Transport Association (IATA), Operational Safety Audit (IOSA),
the global benchmark in airline safety recognition. The company was
recently named 2016 Value Airline of the Year by the editors of Air
Transport World, one of the leading airline trade magazines, as
well as 2016 Low Cost Airline of the Year by the Center for
Aviation (CAPA), leading provider of independent aviation market
intelligence.
For more information:
+41 22 555
Investors: Iain Wetherall, Wizz Air: 9873
Balint Veres, Wizz Air: +36 1 777 9349
Media: Tamara Vallois, Wizz Air: +36 1 777 9324
Edward Bridges / Jonathan Neilan, +44 20 3727
FTI Consulting LLP: 1017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 15, 2016 06:15 ET (11:15 GMT)
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