Malev deputy CEO, Anatoliy Deloveri, stated its creditor, Russian state-owned Vnesheconombank, may be willing to negotiate a limited bankruptcy of the carrier if an acceptable financing solution could be devised (MTI-ECONEWS, 28-May-2010). Vnesheconombank could lose up to EUR110 million if the carrier fails.
Malev could go bankrupt - deputy CEO
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Wizz Air's 2016 growth was the fastest among all of Europe's top 20 airline groups. Its passenger numbers increased by 19% to almost 23 million in calendar 2016, giving it an average growth rate of 22% pa over the past decade.
Although it is only Europe's 13th largest airline group overall and the number four LCC, Wizz Air is the biggest airline on routes between Eastern/Central Europe and Western Europe. Almost all of its routes are in this core market, and Wizz Air has managed to hold on to its number one spot in the face of strong competition from Ryanair, which is also growing rapidly in this market.
Wizz Air's fleet plan to 2024 is aimed at maintaining double digit growth rates, while also lowering unit costs by adding A321s and A321neos to its A320 equipment. Ten years ago Wizz Air carried only three million passengers, but it will almost certainly break into Europe's top 20 in 2017.
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CAPA’s 2016 outlook was against a background of unusually high levels of profitability for airlines.