Originally Posted by davidjohnson6
(Post 11275151)
Wizz to resume flights to Moscow on 03 October 2022
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Wizz is showing support for a country that is crippling its business.
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According to Reuters, WizzAir has now dropped plans to resume the Moscow route following public pressure.
https://www.reuters.com/business/aer...source=twitter |
This is a classic example where corporate greed was prioritised.
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Many senior managers will try to balance the desire for profits against wondering what public reaction will be.
Emirates currently fly to Moscow, so one could argue that Wizz is leaving money on the table by not flying from Abu Dhabi. Equally, Wizz is a European company, not Emirati. There are arguments both in favour and against Wizz flying Abu Dhabi - Russia, depending on your perspective. It's remarkably common for corporations, unsure of the public reaction, to announce something will happen on a small scale, and see what happens in the press... and make sure they have some suitable excuse for withdrawing their plans if need be. |
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Damn.....I read that the first time as CEO had resigned.
Champaign is back on ice. |
Share price down 10 % compared to yesterday. Investors always get nervous when a CFO resigns - he/she knows things that are not public and investors will be concerned the CEO may be acting on ego rather than in the interest of shareholders
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Also a Saudi AOC is on the cards:
https://www.ch-aviation.com/portal/n...oute-expansion Suceava will become new base in mid December with 2 based aircraft while Sofia will get a 7th and Iasi a 4th aircraft in December. |
At least one of Wizz aircraft has been evacuated from Ukraine today. HA-LWS, trapped for over 6 months in Lviv has entered the EU airspace and arrived in Katowice this afternoon.
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With Hungary imposing Aviation windfall tax and the Ryanair postponed expansion/reduction in based aircraft, will that have a response from Wizzair and if so which way?
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TRN and BLQ next italian bases?
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From Travelmole:
https://www.travelmole.com/news/wizz...-fleet-of-500/ |
VIE will get a 5th aircraft from December.
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PMO base will be closed and aircraft to be shifted to FCO (from 5 to 7 a/c) and MXP (from 5 to 6) to support further expansion
https://wizzair.com/en-gb/informatio...n-across-italy |
Frim mid-Dec, new airport and new country - Samarkand, Uzbekistan
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Originally Posted by davidjohnson6
(Post 11312252)
Frim mid-Dec, new airport and new country - Samarkand, Uzbekistan
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170th airframe https://travelweekly.co.uk/news/air/...170th-aircraft
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Wizz (or their insurers) appear to be getting nervous about basing aircraft in Chisinau, Moldova. Not surprising that they are cautious on the matter, given what happened earlier this year...
https://boardingpass.ro/wizz-air-inc...fi-suspendate/ https://autoblog.md/exclusiv-reactia...e-la-chisinau/ |
A good excuse. They have no clue what will happen in December. Or next week as a matter of fact.
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Earlier this week, Abu Dhabi substantially relaxed the rules around Covid. In particular the need for a green pass via the al-Hosn app to enter any kind of public building (eg shopping mall) and have a PCR test on arrival have been largely scrapped.
Time perhaps for Wizz to add a few routes perhaps ? |
Seems Wizz U.K. are not a company you want to take legal action against, as they don’t comply with court orders. Even the bailiffs walk away empty handed.
https://www.thisismoney.co.uk/money/...zz-Air-UK.html |
After you won, Wizz failed to pay up so you put the matter in the hands of the court's bailiffs. They failed to collect a penny, telling you that, 'Wizz Air has no staff, offices, or assets in London Luton Airport.' |
It’s a scandal that a Luton registered airline openly flouts UK law and worse still gets away with it.
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Originally Posted by LTNman
(Post 11334393)
It’s a scandal that a Luton registered airline openly flouts UK law and worse still gets away with it.
None of that precludes bailiffs knocking on the door of Wizz UK offices and walking away if assets such as IT equipment, the coffee machine and their like, or indeed a creditor taking out a winding up order against them should they desire to go to such extremes. |
Accounts filed at Companies House for year ending 31 March 2021 shows Wizz Air UK Ltd had tangible assets of £14.9m and cash/cash equivalents of £15.8m
Sounds to me like if bailiffs are going to enforce against Wizz UK, that they need to be more assertive https://find-and-update.company-info...filing-history |
Wizz Air UK doesn't exist?
https://www.air101.co.uk/2022/11/wiz...exist.html?m=1
Airport Hundreds of staff of Wizz Air UK should check their contracts carefully as it seems the company they work for may not legally exist. The company that took millions from the UK government at the height of the coronavirus pandemic and a subsidiary of the Hungarian Wizz Air doesn't have a legal presence in the UK. According to Mail on Sunday's financial investigator Tony Hetherington the airline has been ignoring a large number of court cases and orders for payment because the carrier says it has no legal presence in the UK. This should be a big worry for all the passengers booked on Wizz Air UK flights in the coming months, as they will have no legal recourse should something go wrong. If it is true and Wizz Air UK has no legal presence in the UK it could very well mean its licence to operate as an airline is invalid and its planes and pilots flying illegally. It appears according to Hetherington that the airline has ignored more than 400 county court judgments and not paid out the money the court has ordered it to pay and the airline hasn't given a reason why. Has Wizz Air UK refused to pay out your county or other court judgement by telling you it has no presence in the UK? Is this just the tip of the iceberg or is something more sinister and serious? Is the airline ignoring the law because it wants to or is it not paying up because it can't? Hetherington reports that 'the group's recent accounts showed it lost about £336million last year, and had borrowings totalling almost £4 billion.' so maybe the cash has run out, either way, the UK's Civil Aviation Authority has been informed. |
as it seems the company they work for may not legally exist. https://www.caa.co.uk/media/5sdjfjjd...oclist_n_z.pdf |
Wizz Air UK Limited most definitely exists and very much has a legal presence in England under English/Welsh law. Anyone who says otherwise is talking absolute bullsh*t. There has been no application in the last 12 months to dissolve, strike off or otherwise close the company.
Companies House doesn't lie https://find-and-update.company-info...mpany/10982241 It's worth noting that Wizz Air Hungary Ltd has a legal presence in the UK at Suite 1, 3rd Floor, 11-12 St James's Square, London, SW1Y 4LB https://find-and-update.company-info...mpany/BR012809 A carefully drafted request to the court for a winding up order against either company will likely get a very quick response from the company secretary or directors showing a clear desire to retain a legal presence in the UK I suspect this is very much a "do not want to pay and will give any kind of excuse" instead of a "cannot pay / cannot be made to pay" |
I forgot about Wizz U.K. taking millions from the government in Covid payments while now the airline refuses to comply with U.K. law. So why does the airline think court orders don’t apply to it.
The company is no better than some dodgy car dealer if that is their defence. |
https://www.aol.co.uk/news/regulator...122658216.html
Wizz Air has been slammed by the aviation regulator for “unacceptable” behaviour |
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If the assets in UK's balance sheet are "money in HU's bank and payment processor accounts that we're entitled to" then it would be difficult for UK bailiffs to do much. The only physical assets that can be identified from company's house information are only identifiable because of the prior charges on them in favour of leasing businesses.
UK's legal addresses are Luton airport and an address in a townhouse in London used by other unconnected overseas aviation businesses. I don't think any of us are aware of them having the sort of meaningful presence at Luton Airport of the same nature as that which, for example, bailiffs looking for easyJet could have fun with. None of the directors are British which would even make Orders To Obtain Information difficult and expensive or impossible. I assume the individual claims are small, with the result that meaningful winding up proceedings would in almost all cases require a number of the CCJ holders to work together in order to meet financial limits (and share legal costs). This would succeed, but would be almost impossible for any individual to co-ordinate (even without attempts to frustrate; eg paying off the petitioner but not supporting creditors). It would have to be done by the sort of solicitors that texted and called people about "the accident you were injured in that wasn't your fault, the overdue essential repairs to the property you rent from a council or social landlord and / or the money you're owed by WizzAir". Anyone that got into organising this would want a significant cut of the amounts recovered :-( |
Originally Posted by 01475
(Post 11350406)
If the assets in UK's balance sheet are "money in HU's bank and payment processor accounts that we're entitled to" then it would be difficult for UK bailiffs to do much. The only physical assets that can be identified from company's house information are only identifiable because of the prior charges on them in favour of leasing businesses.
UK's legal addresses are Luton airport and an address in a townhouse in London used by other unconnected overseas aviation businesses. I don't think any of us are aware of them having the sort of meaningful presence at Luton Airport of the same nature as that which, for example, bailiffs looking for easyJet could have fun with. None of the directors are British which would even make Orders To Obtain Information difficult and expensive or impossible. I assume the individual claims are small, with the result that meaningful winding up proceedings would in almost all cases require a number of the CCJ holders to work together in order to meet financial limits (and share legal costs). This would succeed, but would be almost impossible for any individual to co-ordinate (even without attempts to frustrate; eg paying off the petitioner but not supporting creditors). It would have to be done by the sort of solicitors that texted and called people about "the accident you were injured in that wasn't your fault, the overdue essential repairs to the property you rent from a council or social landlord and / or the money you're owed by WizzAir". Anyone that got into organising this would want a significant cut of the amounts recovered :-( I can guarantee with their current financial position, without a doubt, they’ll have security bonding with their payment processors anyways. |
I thought the standard response from aviation regulators in major countries in Europe is "start paying out EU261 claims fairly, or you might find an aircraft on our turf has been arrested at short notice for some reason"
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The CAA is one of a number of regulators whose task is to protect the public from bad practice from big companies. Sadly, like many of their ilk, they take the salaries but do little of the stuff they are paid to do. I emailed the CAA over an issue and I have never had the curtesy of a reply. Many airlines have abused this whole issue of refunds for years now. What is to prevent the CAA from calling any airline in and telling them to abide with the law or their licence could be up for review? The CAA is not the only regulator who talks a good game but does little in practice, in terms of protecting the public in this whole issue of refunds etc.
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