Wizz Air order signals entry into big league
Jozsef Varadi watched Malev’s struggle to survive up close as CE in the early 2000s, just as Europe’s low cost air travel boom was taking off. Wednesday he announced a multibillion-dollar aircraft order for Wizz Air, the carrier he later co-founded, signalling its entry into Europe’s low-cost big league. The deal to buy 146 Airbus A320neos underlines the scale of Wizz Air’s ambitions. It has sustained double-digit growth in passengers by targeting under-penetrated central and eastern European markets, where economies have grown at more than twice the rate of western peers in the past decade. Varadi said the order would be a “game-changer” for the airline, enabling it to expand its market share across Europe and beyond. Varadi’s growth strategy includes scooping up capacity left behind by airlines such as Monarch and Air Berlin. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-11-17/unaligned/wizz-air-order-signals-entry-into-big-league
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Wizz Air order signals entry into big league
Jozsef Varadi watched Malev’s struggle to survive up close as CE in the early 2000s, just as Europe’s low cost air travel boom was taking off. Wednesday he announced a multibillion-dollar aircraft order for Wizz Air, the carrier he later co-founded, signalling its entry into Europe’s low-cost big league. The deal to buy 146 Airbus A320neos underlines the scale of Wizz Air’s ambitions. It has sustained double-digit growth in passengers by targeting under-penetrated central and eastern European markets, where economies have grown at more than twice the rate of western peers in the past decade. Varadi said the order would be a “game-changer” for the airline, enabling it to expand its market share across Europe and beyond. Varadi’s growth strategy includes scooping up capacity left behind by airlines such as Monarch and Air Berlin. <br/>
