Business
Agreement to establish Wizz Air Abu Dhabi
Agreement to establish Wizz Air Abu Dhabi.
About this update from Wizz Air Holdings Plc
[{"type":"text","content":"\n \n \n RNS Number : 5907E\n Wizz Air Holdings PLC\n 02 March 2020\n \n \n \n \n WIZZ AIR AND ABU DHABI DEVELOPMENTAL HOLDING COMPANY CONCLUDE AGREEMENT TO ESTABLISH WIZZ AIR ABU DHABI\n \n \n \n \n \n - New airline supports \"Ghadan 21\" initiatives to make UAE capital a globally attractive destination for business, tourism and living\n \n \n \n \n \n \n Abu Dhabi, 2 March 2020: \n \n Wizz Air Holdings Plc (\"Wizz Air\"), Europe's fastest growing and greenest airline* announced today that it concluded the definitive agreement with its partner Abu Dhabi Developmental Holding Company PJSC (\"ADDH\"), to jointly establish Wizz Air Abu Dhabi. The low-cost airline is set to launch its operations at Abu Dhabi International Airport in Fall 2020. \n \n \n \n \n \n The agreement is a major milestone in the launch of Wizz Air Abu Dhabi, a new Emirati low-cost airline based in the UAE's capital. Wizz Air Abu Dhabi plans to start operations in the second half of the year, bringing low fares paired with a high-quality on-board experience to a range of destinations across Europe, the Middle East, Asia and Africa. \n \n \n \n \n \n With Wizz Air Abu Dhabi's recruitment activities set to commence in the coming months, the agreement will create new job opportunities, boost the economy and attract more visitors to Abu Dhabi. The announcement is also in line with Abu Dhabi's AED 50bn accelerator programme Ghadan 21, which is driving the emirate's development through investing in business, innovation and people.\n \n \n \n \n \n Following the agreement, the airline development team has already initiated the process with the UAE General Civil Aviation Authority to obtain the carrier's Air Operator Certificate and Operating License. \n \n \n \n \n \n \n József Váradi, CEO of Wizz Air Holdings, said:\n \n \n \"Today marks an important milestone on the way to establishing our new airline in Abu Dhabi. The joint venture agreement with Abu Dhabi Developmental Holding Company to form Wizz Air Abu Dhabi underpins our long-term dedication to bringing an economically and operationally highly efficient as well as environmentally most sustainable airline business model to boost Abu Dhabi's aviation development. Wizz Air's mission feeds into Abu Dhabi's diversified economic strategy as we aim to stimulate ...