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Wizzair

Old 4th Jun 2020, 08:03
  #1241 (permalink)  
 
Join Date: Feb 2019
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It should be 14 aircraft added to fleet by June 2021, so I think it is 22 coming in and 8 going out.
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Old 4th Jun 2020, 08:11
  #1242 (permalink)  
 
Join Date: Jan 2008
Location: Switzerland ... oh wait: Swaziland
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According to the financial report about the last quarter the planned number of aircraft at the end of this FY (March 2021) was 138. In this report it's reduced with seven to 131 (net growth of 10).
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Old 4th Jun 2020, 08:14
  #1243 (permalink)  
 
Join Date: Feb 2019
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The plan is to be 135 in June 2021, so sounds about right
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Old 4th Jun 2020, 08:17
  #1244 (permalink)  
 
Join Date: Aug 2016
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Interesting insight. Thank you, HSBC. And what about capacity? Is full utilisation of said 131 aircraft also expected by the end of the FY or are they going to fly a more loose schedule and just have spare capacity available for whenever new opportunities come up?
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Old 4th Jun 2020, 08:26
  #1245 (permalink)  
 
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It does not say as no reliable forecast can be given. It does however say:

"In addition, the Directors have also modelled a severe but plausible downside scenario based on a minimal number of flights in April, May and June 2020. For the remainder of F21 only 60 per cent of capacity would be flown, improving to 75 per cent of capacity flown for the remainder of the going concern period from April to June 2021. In this scenario, the Group is still forecasting significant liquidity throughout this period.Due to the level of uncertainty in the projections and the varying patterns of how the operations of the business could emerge from the pandemic, the Directors also assessed the cash burn rate of the business in the event of a full grounding of the airline for the going concern period. The Directors concluded that, due to a combination of a strong balance sheet going into the pandemic and a low monthly cash burn rate, the business would have sufficient liquidity for more than 12 months even if it remained grounded over that time."

https://www.londonstockexchange.com/...sults/14562936
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Old 4th Jun 2020, 12:20
  #1246 (permalink)  
 
Join Date: Nov 2002
Location: Dublin
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Here is a PR 3rd June:

https://centreforaviation.com/member...d-lowes-526841
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Old 11th Jun 2020, 10:41
  #1247 (permalink)  
 
Join Date: Jun 2006
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This is going to down well amongst pilots and cabin crew...

https://www.thetimes.co.uk/article/b...cash-rrrr62v05
Wizz Air has handed its management share bonuses potentially worth millions of pounds, despite making a thousand staff redundant, using the government’s furlough scheme and borrowing hundreds of millions from the Bank of England’s emergency funding line.

The airline allotted almost 200,000 share options to bosses as part of their long-term incentive plans. The final number of shares they will be able to cash in depends on the company’s performance over the next three years.

Jozsef Varadi, 54, chief executive, is in line for the biggest payout. He could be awarded 42,526 shares at present worth about £1.5 million. Diederik Pen, 51, the chief operations officer, could receive stock worth £850,000 based on last night’s closing price.
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Old 12th Jun 2020, 06:26
  #1248 (permalink)  
 
Join Date: May 2020
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It is really sad to see how management in Wizzair deal with the crisis. In one hand they fired 1000 people (265 pilots) in other hand they keep their liquity and open bases constantly, receiving new airplanes but the company cut salaries by 25%, put random rosters, pushing people to move non popular bases and threating them etc etc etc
And now the share bonuses of millions of pounds. So is quite clear what is the strategy of the company. Make shareholders richer and downgrade salaries.

I don´t know until what point it makes sense for a pilot of western Europe to go their bases on Eastern Europe with a random roster, fear policy and, for example a Captain, make around 4000 Euros flying 4 sectors and manage hight levels of fatigue.

Time will say if they can expand treating people in this way. I think there is some limits that a pilot can/should not accept. Wizzair is the case.
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Old 12th Jun 2020, 16:02
  #1249 (permalink)  
 
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Originally Posted by Pearlharbour View Post
I don´t know until what point it makes sense for a pilot of Western Europe to go their bases on Eastern Europe with a random roster, fear policy and, for example a Captain, make around 4000 Euros
Nobody's saying that pay at WZZ is at the same level as in Western European airlines. It's at the level of airlines in the region where the majority of their bases are located. And, having some idea of what the industry in that part of the world is like, I can't see too many better alternatives for the locals unless they are willing to relocate. Eastern European countries have far smaller legacy carriers than Western European countries. Most of the airlines there are ACMI carriers, mostly flying in the summer on behalf of someone else who needs cheap seasonal capacity. The pay in said ACMI companies is not exactly great, many of them operate some of the oldest aircraft in Europe and job security is almost non-existent as it depends entirely on finding a customer to fly for (and that will be especially hard for some time, given the surplus of capacity in pretty much every airline in the world these days). And also, don't forget that ACMI means being away from home for extended periods of time. So, no wonder that there's never a shortage of applications for Wizz air and Buzz alike. For many Eastern Europeans who want to fly commercially and still remain in their home countries, those are often the best options.
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Old 12th Jun 2020, 16:53
  #1250 (permalink)  
 
Join Date: May 2015
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Originally Posted by TBSC View Post
How about moving to Tirana for the summer?
On earlies, perfect. Less than 90 minutes from landing to being on the beach.
On lates, not so much.

Pearlharbour; look at the cost of living in most of the bases and what competitors are paying though. When working for an operator in one of the countries Wizz have a base, I earned about 2/3 of the salary Wizz are offering, but the quality of life was better than in the UK (especially London area) by far.

It's the same in Poland. Net salary about 30% less, cost of living just under half (including not needing a mortgage). Pay isn't everything, it's the quality of life that comes with it. For reference, I spend about 60% of my take home on an 'average' year, about half of that spending goes in mortgage payments.
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Old 13th Jun 2020, 01:56
  #1251 (permalink)  
 
Join Date: Apr 2016
Location: Europe
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im afraid you’ve been drinking too much of the Kool Aid .
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Old 13th Jun 2020, 08:06
  #1252 (permalink)  
 
Join Date: Jan 2018
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I agree with FGE319, personally, my quality of life was better in Poland than where I am now. I was also happier. But to each their own.

Last edited by Banana Joe; 13th Jun 2020 at 08:53.
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Old 13th Jun 2020, 13:45
  #1253 (permalink)  
 
Join Date: Aug 2016
Location: Europe
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It's a matter of fact that life in Eastern Europe is a lot cheaper than in Western Europe. For argument sake, the sum of money which can only get you a small room in a shared apartment in some remote area of London can get you an independent apartment in a nice area somewhere like Bucharest, Sofia or Tirana. You can also get comprehensive insurance for a powerful coupe or a hot hatch for the cost of insuring a Ford Fiesta further west. A decent meal outside comes at a significantly lower cost as well. Just as many other things. The salaries are scaled towards that and they still put pilots among the top 10% of the highest-earning professionals in their countries.

The second side of the story is where you want to live. Locals who want to live in their home city and sleep in their own bed every night often find WZZ not only the most stable and secure opportunity in their country, but also the only one or one of only two or three in their city (and that if said city is a capital, at many of the smaller cities WZZ are the only operator maintaining a permanent base there). And here it comes to evaluation of what you would like to get out of your job. Would you be happy spending weeks on end in hotel rooms for more money or would you rather live at home? How about your family, are they able and willing to relocate, should you find a better-paid opportunity elsewhere in the world? Do you have any dependents to look after, maybe old and infirm family members for whom relocation is just not an option? With all this in mind, everyone works it out for themselves.

Last edited by PilotLZ; 13th Jun 2020 at 17:27.
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Old 15th Jun 2020, 21:22
  #1254 (permalink)  
 
Join Date: Apr 2019
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Originally Posted by Banana Joe View Post
I was also happier.
Belgium is tough on the soul. Good luck.
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Old 15th Jun 2020, 21:44
  #1255 (permalink)  
 
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I just work there and they have the best beer ever!
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Old 17th Jun 2020, 22:27
  #1256 (permalink)  
 
Join Date: Aug 2016
Location: Europe
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Interesting and unexpected update today as, alongside with Bacau, Saint Petersburg was announced as one of the new bases due to open in the autumn. That gives food for thoughts regarding contracts. As I simply can't see an EU airline providing local contracts in Russia, isn't that a signal that agency contracts will likely be the new normal?
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Old 18th Jun 2020, 18:42
  #1257 (permalink)  
 
Join Date: May 2015
Location: London
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That's what the 'Highly qualified specialist' visa is for. If no, there would be an issue with Russians being qualified under EASA (in that it's rare, not that it's impossible).

A quick Google states that that average €3200/month gross will be required for this. Captains that's fine, First Officers with flight pay, same situation.

That's a base that I doubt will be crewed by locals for the main, even if it is run under a local contract.
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Old 18th Jun 2020, 19:06
  #1258 (permalink)  
 
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They're also basing 3 aircraft in Dortmund.
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Old 18th Jun 2020, 19:06
  #1259 (permalink)  
 
Join Date: Jul 2007
Location: World
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Originally Posted by PilotLZ View Post
Interesting and unexpected update today as, alongside with Bacau, Saint Petersburg was announced as one of the new bases due to open in the autumn. That gives food for thoughts regarding contracts. As I simply can't see an EU airline providing local contracts in Russia, isn't that a signal that agency contracts will likely be the new normal?
Wizzair offers local contracts in Ukraine, why would that be any different in Russia? I don’t see all this rush of the airlines to agency contracts, to be honest.
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Old 18th Jun 2020, 19:31
  #1260 (permalink)  
 
Join Date: Apr 2019
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I am not exactly sure about jurisdiction in this case, but Russian legal entities are not allowed to hire foreign FOs.

https://www.consultant.ru/document/c...3890f1a4a26d3/
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