REG - Wizz Air Holdings - Potential Expansion in The Kingdom of Saudi Arabia

Wizz Air HoldingsAnnouncement

10/05/2022 07:00

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RNS Number : 8578K  Wizz Air Holdings PLC  10 May 2022

WIZZ AIR POTENTIAL EXPANSION IN THE KINGDOM OF SAUDI ARABIA

 

LSE: WIZZ

 

Geneva, 10 May 2022: Wizz Air Holdings Plc ("Wizz Air" or "the Company"),
Europe's fastest growing and most sustainable airline, today signed a
Memorandum of Understanding ("the MoU") together with the Ministry of
Investment of the Kingdom of Saudi Arabia ("KSA" or "the Kingdom"), supported
by the Saudi National Air Connectivity Programme (a Ministry of Tourism
initiative to support the development of the Saudi Tourism Sector). The
purpose of the MoU is to explore airline market development opportunities in
the Kingdom.

 

The Kingdom has launched a strategic and ambitious vision to triple passenger
traffic in the Kingdom by 2030 as part of the Vision 2030 programme. This will
provide unprecedented opportunities for airlines and the aviation supply
chain.

 

Wizz Air's innovative and sustainable ultra-low-cost-carrier model is proven
to develop markets by making air travel affordable for more people than ever
before. The MoU reflects a shared vision between the parties on the potential
Wizz Air could bring to the Kingdom to stimulate new demand, thereby making a
significant contribution to Saudi Arabia's planned growth.

 

The parties will work together to enable potential investment and operating
models to benefit and add to the Saudi Arabian aviation ecosystem, boosting
its tourism industry and significantly increasing its connectivity.

 

 

- Ends -

 

ABOUT WIZZ AIR

Wizz Air, the fastest growing European low-cost airline and one of the most
sustainable, operates a fleet of 154 Airbus A320 and A321 aircraft. A team of
dedicated aviation professionals delivers superior service and very low fares,
making Wizz Air the preferred choice of 27.1 million passengers in the
financial year F22 ending 31 March 2022. Wizz Air is listed on the London
Stock Exchange under the ticker WIZZ. The company was recently named one of
the world's top ten safest airlines by airlineratings.com, the world's only
safety and product rating agency, and 2020 Airline of the Year by ATW, the
most coveted honour an airline or individual can receive, recognizing
individuals and organizations that have distinguished themselves through
outstanding performance, innovation, and superior service, and was rated the
most sustainable airline in Europe by Sustainalytics.

 

ABOUT THE NATIONAL AIR CONNECTIVITY PROGRAMME

The National Air Connectivity Programme is an initiative of the Saudi National
Tourism Strategy established in 2021 by the Saudi Arabia Council of Ministers'
resolution.  The intent is to enable Tourism Air Connectivity in support of
the development of the Tourism Sector in the Kingdom of Saudi Arabia.

 

 

 For more information:

 Investors:  Zlatko Custovic, Wizz Air                               +36 1 777 9407

 Media:      Christie Rawlings, Wizz Air                             +36 70 685 1583/

                                                                     +44 7811 155205

             Edward Bridges / Jonathan Neilan, FTI Consulting LLP:   +44 20 3727 1017

 

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