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  HOME | Business & Economy (Click here for more)

Hungary’s Wizz Air to Invest $2 Billion Allocating 21 Jets, Opening Routes

BUDAPEST – The Hungarian low-cost airline Wizz Air said on Tuesday it had ramped up its operational capacity by expanding its routes and upgrading its European fleet with 21 Airbus A-320 aircraft.

In a statement issued by Wizz Air, the low-cost airline company said it would allocate 21 A-320 Airbus aircraft to support 700 additional weekly departures, 70 new services, and four brand new destinations.

“Today we are starting the greatest expansion phase to date,” said Owain Jones, Chief Corporate Officer at Wizz Air. “Wizz Air remains committed to its mission of making air travel affordable for more people than ever before.”

The airline, based in Budapest, is to begin operating, from now until July, new destinations such as Athens, Tallin, Kharkov (Ukraine) and Vienna, which will become its latest operations hub.

The enlargement will amount to an investment of 1.6 billion euros ($2 billion) spread across 11 operational hubs in Hungary, United Kingdom, Austria, Poland, Ukraine, Rumania, and Georgia.

In January, Wizz Air announced it flew 28 million passengers in 2017, a 24 percent increase year-on-year.

In November 2017, Wizz Air also announced the purchase of 146 Airbus A321 aircraft.

The airline, one of Europe’s fastest growing airlines and currently listed in the London Stock Exchange (WIZZ), was established in Budapest in June 2003, has a staff of 3,000, operates 600 air routes to 145 airports in 44 countries and is the largest Central and Eastern Europe’s low-cost airline.

 

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