Wizz Air, the largest low fare - low cost airline in Central and Eastern Europe celebrates its 6th anniversary on 19 May, 2010.
Since its first flight on 19 May, 2004 from Katowice in Southern Poland Wizz Air has become the largest airline in Central and Eastern Europe operating from 12 bases in Poland, Hungary, Romania, Bulgaria, Ukraine and the Czech Republic. The number of carried passengers in the past 12 months exceeded 8.4 million, translating into a year over year growth of 30%.
Wizz Air operates one of the youngest fleets in the world, consisting of only new Airbus A320s. The airline will fly 34 aircraft this summer. The remaining order for over 100 aircraft underpins the airline’s ability to grow its existing markets and to enter new territories in the years to come.
“Wizz Air has been implementing the ‘ultra low cost’ business model which gives us the ability to continuously stimulate the market, to compete effectively with other means of transport or airlines and weather the storms resulting from the macro-economic dynamics. An ultra low cost carrier always enjoys a ‘growth premium’ compared to the balance of the airline sector no matter whether the industry is in good times or facing challenges.” – said József Váradi, Chief Executive Officer of Wizz Air. “Throughout our history we have demonstrated how effectively we can address challenges while continuing to build market leadership in our home territory in Central and Eastern Europe. That approach to the business remains critical to the success going forward especially in light of the troubled European operating market conditions as a result of the state of the European economies and fiscal policies as well as the impacts of disruptive regulatory measures.” – he added.