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IN BRIEF: Wizz Air celebrates ‘defining moment’ of new Spain bases

ALN

Wizz Air Holdings PLC - Budapest-based budget airline - Announces two new operational bases in Madrid and Valencia, Spain. Says operations are due to commence on November 3 and November 2, respectively, with both airports having aircraft permanently stationed there. Calls this ‘one of the airline’s most significant investments in Spain to date,’ reinforcing Spain’s ‘strategic importance within the airline’s network.’ Intends to launch 10 new domestic and 3 international routes, plus ‘7 new routes all across Spain’ and increased frequency for ‘multiple existing routes’. Company states: ‘This milestone is only the beginning. The new bases create the infrastructure needed to support continued expansion in the years ahead, strengthening Wizz Air’s presence in Spain while bringing even greater connectivity to customers and local communities.’

Chief Executive Officer Jozsef Varadi comments: ‘Today marks a defining moment for Wizz Air in Spain. Opening our first operational bases in Madrid and Valencia demonstrates our long-term commitment to one of Europe’s most important aviation markets and reflects our confidence in its future. This investment enables us to bring more destinations, create new local jobs and provide even better connectivity for millions of travellers. We are proud to become an even stronger part of Spain’s aviation landscape, and this is only the beginning of our ambitions here. Let’s WIZZ!’

Current stock price: 1,168.00 pence

12-month change: up 12%

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