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Wizz Air invests HUF 25 billion in its Budapest operation

700 new jobs, 2 additional aircraft, 2 million passengers per year

Wizz Air, the largest low fare - low cost airline in Central and Eastern Europe announced today that it would invest HUF 25 billion (USD 100 million) into expanding its operations in Budapest. As of March 2012, the airline will add two Airbus A320 aircraft to its Budapest base, a 66% increase in overall capacity.

Wizz Air has increased its projections for the number of passengers carried yearly from 1.4 million to 2 million. This will result in the addition of approximately 700 new (direct and associated) jobs in Hungary. The airline will launch one new route and increase frequencies on several existing routes. The number of available flights per week will nearly double from 67 to 129:

The Budapest-Bucharest flight will initially operate three times per week. With the addition of three flights to London Luton, Wizz Air will now offer triple daily service. Flights to Eindhoven and Brussels Charleroi will double in frequency, now operating twice daily. The frequency of flights to Madrid, Barcelona, Rome, Milan, and Malmo will also double and be available at least daily.

Destination Weekly frequency today Summer 2012 Change
Bucharest (NEW) 0 4 4
London Luton 18 21 3
Brussels Charleroi 7 14 7
Eindhoven 7 13 6
Milan Bergamo 5 11 6
Rome 4 10 6
Barcelona 3 7 4
Malmo 3 7 4
Madrid 2 7 5
Stockholm Skavsta 2 4 2
Bourgas 0 3 3
Bari 2 3 1
Dortmund 2 3 1
Gothenburg 2 3 1
Tirgu Mures 2 3 1
Frankfurt Hahn 2 3 1
Naples 2 2 -
Bologna Forli 2 2 -
Turku 0 2 2
Catania 0 2 2
Pisa 2 2 -
Palma de Mallorca 0 1 1
Corfu 0 1 1
Antalya 0 1 1

"Wizz Air remains highly committed to Hungary, our homeland. We have been growing year-on-year since the start of operation in 2004. We will continue to meet the increase in consumer demand and continue to offer new jobs in Budapest" - said József Váradi, Chief Executive Officer of Wizz Air.