Wizz Air

Solyom Hungarian Airways, the new Hungarian airline that is promising to serve 96 destinations with a fleet of 50 jets by 2017, has barely launched its website, let alone a fully loaded aeroplane – before coming under attack.

And from an unusual source: Wizz Air, a low-fare airline in Central and Eastern Europe, is normally a low-key player when it comes to commenting on rivals – certainly it eschews the headline-grabbing verbal fireworks associated with Ryanair. But a statement by Wizz on Thursday was a little more spiky than usual. Read more

Poland’s flat countryside hasn’t been regularly visited by elephants since mammoths disappeared at the end of the last ice age, but a new elephant has appeared not far from Warsaw – a white one.

That would be the problem-plagued Modlin airport about 40km north-west of Warsaw. This week it was dealt a body blow by Hungary’s low-cost Wizz Air airline, which announced it would not be returning to Modlin after the airport was forced to close for more than half a year to rebuild its runway. Read more

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. Read more

“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. Read more