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Concept
Wizz Air
Summary
Wizz Air, legally incorporated as Wizz Air Hungary Ltd. (Wizz Air Hungary Légiközlekedési Zrt.) is a Hungarian multinational ultra low-cost carrier with its head office in Budapest, Hungary. The airline serves many cities across Europe, as well as some destinations in North Africa, the Middle East, and South Asia. It has the largest fleet of any Hungarian airline, although it is not a flag carrier, and serves 54 countries. Its Jersey-based parent company, Wizz Air Holdings plc, is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. As of 2023, the airline has its largest bases at Budapest Ferenc Liszt International Airport and London Luton Airport and flies to 194 airports.
The airline was established in September 2003. The lead investor is Indigo Partners, an American private equity firm specialising in transportation investments. The first flight was made from Katowice International Airport on 19 May 2004. The airline's CEO is József Váradi, former CEO of Malév Hungarian Airlines. The company is registered in Pest County, Hungary.
On 25 February 2015, Wizz Air shares began trading on the London Stock Exchange.
In November 2017, Wizz Air announced its planned launch of a British division called Wizz Air UK, based at London Luton mainly to take advantage of landing slots acquired when Monarch Airlines entered administration that year. The airline applied successfully to the CAA for an AOC and a Type A Operating Licence. The airline launched operations in March 2018 using British registered aircraft. Wizz Air UK was to start taking over UK-bound flights previously operated by Wizz Air, and plans called for the airline to employ up to 100 staff by the end of 2018.
In November 2018, Wizz Air announced plans to reactivate its Wizz Air Ukraine subsidiary, approximately three years after its closure. The airline would seek to complete certification in 2019 following the acquisition of twenty A320/321 neo jets. Bases were to be developed in Kyiv and cities across the country, with a planned passenger throughput of 6 million per annum by 2025.
Official source
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