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Wizzair-2

Old 7th Feb 2020, 12:14
  #381 (permalink)  
 
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Local operating costs are high in Germany but prices are low. The tour operator market is big. It is very hard for anyone else to reliably make money.
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Old 8th Feb 2020, 06:49
  #382 (permalink)  
 
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Wizz Air’s largest shareholder, U.S.-based private equity firm Indigo Partners, carried out a long-time plan to cut its stake in the company as the Budapest-based low-cost airline works to comply with European Union ownership rules.

Indigo cut its stake to 3.4% from 20.6%, according to the bookrunner on Tuesday. Airlines must be more than 50% owned by European Economic Area nationals to operate flights within the bloc, otherwise the rights of non-EEA shareholders have to be restricted to allow operations to continue.

Wizz, which is focused on central and eastern Europe, said in April last year it was seeking more EU investors in order to comply with EU share-ownership rules or it could lose the right to fly within the bloc after Brexit.
Wizz Air's top shareholder cuts stake to comply with ownership rules
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Old 10th Feb 2020, 18:09
  #383 (permalink)  
 
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Originally Posted by mikkie4 View Post
What are the reasons behind the cancellations?
End of subsidies (see Frankfurt), try and error (some not performing routes with low frequency of 2 weekly flights come and go), shift to new markets & new possibilities (new slots at ORY with new flights from BUD and WAW or short notice entrance of Albania-Italy market due to insolvency of Ernest -> other routes need to be closed to free up aircraft for those routes)

In general a lot of new/additional aircraft will join the fleet in the next year and Wizz is growing overall from operational and finacial point of view.
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Old 1st Apr 2020, 16:44
  #384 (permalink)  
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Running a few rescue flights to USA & Canada now via KEF, now where are those A321LRs they ordered
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Old 1st Apr 2020, 18:05
  #385 (permalink)  
 
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Originally Posted by pabely View Post
Running a few rescue flights to USA & Canada now via KEF, now where are those A321LRs they ordered
So, did they already hold FAOC for US and Canadian ops?
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Old 1st Apr 2020, 18:11
  #386 (permalink)  
 
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Originally Posted by pabely View Post
Running a few rescue flights to USA & Canada now via KEF, now where are those A321LRs they ordered
that's incredible, currently a321n flying between NYC and LAX and also YYZ to MIA..

​​​
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Old 1st Apr 2020, 19:50
  #387 (permalink)  
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Originally Posted by globetrotter79 View Post
So, did they already hold FAOC for US and Canadian ops?
Taking US citizens stuck in Hungary back and Hungarians the other way so I doubt any of the normal rules apply.
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Old 9th Apr 2020, 11:12
  #388 (permalink)  
 
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Interesting interview on CNN a couple of days ago by Richard Quest with Josef Varadi saying that he sees opportunities to expand and is not cancelling orders for new àircraft and still operating five per cent of there schedule as well as repatriation and cargo flights for the Hungarian government. The interview is available on YouTube.
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Old 14th Apr 2020, 09:30
  #389 (permalink)  
 
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Wizz cuts

https://www.flightglobal.com/airline...137868.article
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Old 14th Apr 2020, 09:36
  #390 (permalink)  
 
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Wizz Air to Cut 1000 Jobs and Pay Cuts Across the Business

Wizz Air to cut 1,000 jobs and reduce pay - ShareCast
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Old 14th Apr 2020, 10:47
  #391 (permalink)  
 
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Sad news...
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Old 14th Apr 2020, 12:16
  #392 (permalink)  
 
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Tough times indeed. This makes the smaller UK regionals more vulnerable ie ABZ, SEN, BRS, maybe even DSA will lose some business!

Last edited by stewyb; 14th Apr 2020 at 12:31.
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Old 14th Apr 2020, 13:14
  #393 (permalink)  

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Originally Posted by stewyb View Post
Tough times indeed. This makes the smaller UK regionals more vulnerable ie ABZ, SEN, BRS, maybe even DSA will lose some business!
If you are referring specifically to Wizzair, BRS only has one service with them - Katowice. BRS is much more potentially vunerable if anything major befell easyJet which is responsible for around 60% of BRS's 9 million passengers a year.
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Old 14th Apr 2020, 14:02
  #394 (permalink)  
 
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Originally Posted by MerchantVenturer View Post
If you are referring specifically to Wizzair, BRS only has one service with them - Katowice. BRS is much more potentially vunerable if anything major befell easyJet which is responsible for around 60% of BRS's 9 million passengers a year.
Yes, I was specifically referring to Wizz withdrawing from the regions and those with minimal route networks. Agreed on BRS ref EZY although I think the orange lot would be one of the last to fall!

Last edited by stewyb; 14th Apr 2020 at 15:59.
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Old 14th Apr 2020, 14:40
  #395 (permalink)  
 
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It will return 32 older leased aircraft by March 2023 as contracts expire.
They might have been planning to do that anyway. How many new deliveries will they take by March 2023? Now that is the real question.
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Old 14th Apr 2020, 19:34
  #396 (permalink)  
 
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Originally Posted by Spanish eyes View Post
They might have been planning to do that anyway. How many new deliveries will they take by March 2023? Now that is the real question.
12 this year and who knows how much more in the next two...
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Old 14th Apr 2020, 21:30
  #397 (permalink)  
 
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They might be getting rid of one fifth of their workforce but they won't be getting rid of one fifth of their fleet with those new deliveries. This is more about being leaner and giving them a more competitive edge.
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Old 14th Apr 2020, 22:30
  #398 (permalink)  
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I am hearing no planned cuts to the Wizzair UK part of the business.
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Old 14th Apr 2020, 23:06
  #399 (permalink)  
 
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They are supposed to start up again on May 1st with Romania starting on April 19th.
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Old 14th Apr 2020, 23:32
  #400 (permalink)  
 
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Originally Posted by pabely View Post
I am hearing no planned cuts to the Wizzair UK part of the business.
Sadly you are mistaken.
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