Wizz Air, which bills itself as the largest low-cost, low-fare airline in central-eastern Europe, said on Thursday that that it had struck a “pre-delivery payment financing and sale and leaseback agreement” with ICBC Financial Leasing, of China, for eight new Airbus A320 aircraft.
The A320s, due for delivery in 2013 and 2014 and carrying a headline price tag of $700m, represent a jump of a fifth in the current fleet of 40 such aeroplanes operated by Wizz Air. Continue reading »
“If you build it, they will come. ” Those sententious words are often said of big infrastructure projects like sports stadiums and airports – especially ones hoping to make an economic case to attract funding. But there is a corollary: “If you make a hash of it, they will leave.”
And that is what is happening with Warsaw’s Modlin Airport, which has just lost the business of Wizz Air. The Hungarian low-cost carrier said this week it would transfer all its flights back to Warsaw’s nearby Chopin Airport. Continue reading »