Proposed Establishment Of Wizz Air Abu Dhabi
Wizz Air Holdings Plc (the "Company" or "Wizz Air"), Europe's greenest airline* and the largest low-cost airline in Central and Eastern Europe, announced today that it has reached agreement in principle for the establishment of a local airline in Abu Dhabi ("Wizz Air Abu Dhabi"), United Arab Emirates in partnership with Abu Dhabi Development Holding Company PJSC ("ADDH"). The new airline will be Wizz Air's first airline established outside of Europe.
It is intended that Wizz Air Abu Dhabi will be formed via a joint venture, and operations are expected to launch in the second half of 2020. The airline will focus on establishing routes to markets in which Wizz Air has existing, high growth operations, namely Central and Eastern and Western Europe, as well as the Indian subcontinent, Middle East and Africa over the long run. Wizz Air believes that the establishment of a truly ultra-low cost airline in Abu Dhabi can contribute to the continued growth of Abu Dhabi as a world-class cultural and tourist destination. ADDH's deep rooted knowledge of the local market, support and navigation in a new market for Wizz is invaluable and will boost the successful development of the new airline.
The establishment and start of Wizz Air Abu Dhabi is subject to, amongst other things, agreement and entry into force of definitive documentation with ADDH, the receipt of all necessary internal and external approvals and consents, and the new airline satisfying all regulatory requirements of the UAE General Civil Aviation Authority to obtain an Air Operator's Certificate ('AOC').
With a fleet composed of Airbus A321neo aircraft, the world's most efficient narrow body aircraft, the new airline will gain access to markets with a total of 5 billion customers across Europe and beyond. The new airline's customer proposition will align directly to that of Wizz Air with a singular focus on offering a superior value based quality air travel built on the foundations of one of the world's greenest aircraft fleets*.
Commenting today in Abu Dhabi József Váradi Chief Executive Officer of Wizz Air Holdings said: "We are proud that our first airline to be established outside of Europe is in Abu Dhabi, the capital of the UAE. ADDH's deep rooted knowledge of the local market, support and navigation in a new market for Wizz is invaluable and will boost the successful development of this low-cost airline."
Wizz Air Abu Dhabi will be an incremental path of growth for Wizz Air, built on our successful ultra-low cost business model, bringing affordable travel to ever more customers. We believe the new airline has the potential to be a significant player in the region. I would like to express my greatest gratitude to H.E. Sheikh Mohammed Bin Hamad Bin Tahnoon Al Nahyan and Mr. Mohammad Al Suwaidi for their dedication and support, without which this unique partnership would not have been realized. "- he added.
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* Wizz Air's carbon-dioxide emissions were the lowest among European airlines in November 2019 (57.2 gr/km/passenger)