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Wizz Air Holdings - Wizz Air Announces Significant Expansion

RNS Number : 3951O
Wizz Air Holdings PLC
29 May 2020
 

WIZZ AIR ANNOUNCES SIGNIFICANT EXPANSION WITH NEW BASES IN ALBANIA, ITALY, CYPRUS AND UKRAINE AND OVER 50 NEW ROUTES 

 

 Ticker: WIZZ

 

Geneva, 29 May 2020: Wizz Air Holdings Plc ("Wizz Air"), the largest low-cost airline in Central and Eastern Europe, today announces that from 1 July it will open four new bases deploying 11 aircraft and launching over 50 new routes to:

 

·      Milan Malpensa, Italy: Five new based aircraft, 20 new routes

·      Larnaca, Cyprus: Two new based aircraft, 11 new routes

·      Lviv, Ukraine: One new based aircraft, five new routes

·      Tirana, Albania: Three new based aircraft, 15 new routes

 

József Váradi, Wizz Air's Chief Executive Officer said:

"I am delighted to announce that Wizz Air is expanding its network in Albania, Cyprus, Italy and Ukraine. We see the potential to re-stimulate demand for low-cost travel and contribute to the vital recovery of tourism in these markets. With our new health and safety protocol designed to ensure that our customers and crew can fly safely, we are able to offer more affordable travel opportunities on our extensive network. Wizz Air's ultra-low cost business model and our strong balance sheet provide a significant competitive advantage in the current environment, while also making us a long-term structural winner in the aviation sector."

 

 

 

- Ends -

 

 

For more information:

 

 

 

Investors:

Evelin Horvath, Wizz Air

+41 22 555 9863

 

 

 

Media:

Tamara Vallois, Wizz Air:

+36 1 777 9324

 

Edward Bridges / Jonathan Neilan, FTI Consulting LLP:

+44 20 3727 1017

 

 

 

 

 

ABOUT WIZZ AIR

Wizz Air, the largest low-cost airline in Central and Eastern Europe, operates a fleet of 122 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 40 million passengers in the last 12 months. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ. The company was recently named one of the world's top ten safest airlines by airlineratings.com, the world's only safety and product rating agency, and 2020 Airline of the Year by ATW, the most coveted honour an airline or individual can receive, recognizing individuals and organizations that have distinguished themselves through outstanding performance, innovation, and superior service. 


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Quick facts: Wizz Air Holdings

Price: 3284

Market: AIM
Market Cap: £3.38 billion
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