BUSINESS NEWS

Hungary's Wizz Air unveils plans to resume operations of Ukrainian subsidiary

The Business Week/UkraineInvest
Sunday, 25 November 2018 17:43

Hungarian low-cost airline Wizz Air will revive its Ukrainian subsidiary Wizz Air Ukraine and plans to seek a Ukrainian operating license in 2019 as part of ambitious expansion plans in the country.

Wizz Air CEO Jozsef Varadi met with Ukrainian President Petro Poroshenko in mid-November to outline an investment strategy that involves an estimated USD 2.5 billion outlay including the acquisition of new airplanes to increase the airline’s Ukrainian fleet to 20 Airbus A320 and A321 planes.

Wizz Air closed its Ukrainian subsidiary in 2015 due to security concerns in eastern Ukraine and the temporary instability of the Ukrainian currency. In light of improvements to the security and economic situation in the country, airline officials say the way is now open for a resumption of operations.

Wizz Air currently offers flights from three Ukrainian cities (Kyiv, Kharkiv and Lviv) to 41 destinations in 12 European countries.

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