Wizz Air is Eastern Europe’s biggest low-cost airline. They just announced a preliminary agreement with Abu Dhabi Development Holding Company to form a local carrier. Abu Dhabi will be the majority owner with a 51% stake in the airline. There is no official start date, however, the carrier should start flying in the second half of 2020.
Wizz Air launching a new low-cost airline in Abu Dhabi
Hungarian budget airline Wizz Air is planning to expand outside the European continent to the Middle East. An agreement to launch a new low-cost carrier was announced on Thursday. Abu Dhabi Development Holding on Thursday signed a preliminary agreement with Wizz Air Holdings to launch the airline from the capital of the United Arab Emirates. The carrier will be a collaboration of the Hungarian airline with the United Arab Emirates and the Abu Dhabi Development Holding Company. Wizz Air currently flies to more than 60 destinations and the current largest hub of the carrier is in Budapest.
“Wizz Air Abu Dhabi will represent a further step on Wizz Air’s growth path, based on our successful low-cost business model, offering affordable travel to an increasing number of customers. We believe that the new airline has the potential to be an important player in the territory.” József Váradi, managing director of Wizz Air Holdings
Even though there is no official launch date, Wizz Air said that the new airline should launch in the second half of 2020. The airline will use a fleet of three new Airbus SE A321neos. There are also plans to increase to 50 planes in the span of the next 10 years. This new joint venture will target an addition of 1.4 million passengers to Abu Dhabi International Airport.
Wizz Air Abu Dhabi is the second low-cost carrier to have been announced in Abu Dhabi this year. Air Arabia Abu Dhabi, a joint venture between Etihad Group and Air Arabia, was announced earlier this year. Low-cost carriers are starting to grow in demand from tourists and business workers alike.
Recommended for you:
About the author: Mila Kostic is a native of Belgrade, Serbia. After majoring in sociology at the Belgrade University she has been working as tutor and coach. Prior to taking on her role at Mighty Travels, she wrote for a video games, fitness, and health lifestyle website. After starting her work with the Mighty Travels team she discovered her passion for travel and travel writing. Now, she is focused on bringing you the newest travel news. In her portfolio here at Mighty Travels, you can find articles on Airline news, hottest credit card deals, tips and tricks on earning miles and much more. You can reach her at [email protected]
This post has been tagged with: Abu Dhabi | Abu Dhabi Development Holding Company | Air Arabia | Air Arabia Abu Dhabi | airline | airlines | AIRPORT | budget airline | cheap flights | Etihad Group | low-cost carrier | new airline | offer | review | travel | Traveling | trip | ultra-low-cost carriers | United Arab Emirates | Wizz Air | Wizz Air Abu Dhabi | world