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ABU DHABI AND WIZZ AIR CREATE A NEW LOW-COST AIRLINE

Wizz Air Abu Dhabi plans to begin operations in autumn 2020 from the Emirate capital. The joint venture will compete with another low-cost airline, Air Arabia Abu Dhabi.

Emirati public investment company Abu Dhabi Developmental Holding and Hungarian low-cost airline Wizz Air have signed an agreement to create a new low-cost airline based in Abu Dhabi, according to a joint statement released on Monday. Wizz Air Abu Dhabi plans to start operating in the fall of 2020 from the UAE capital, it said in the press release.

In competition with another low-cost company

This joint venture will compete with the low-cost airline Air Arabia Abu Dhabi, created following an agreement between the company Etihad, which belongs to the emirate of Abu Dhabi, and Air Arabia, low-cost company which belongs to the emirate of Sharjah.

Air Arabia Abu Dhabi operations are scheduled to begin in the first half of 2020, according to reports in the local press.

Wizz Air Abu Dhabi and Air Arabia Abu Dhabi will both operate from the UAE's international airport.

Created in 2003 by the oil-rich emirate of Abu Dhabi, Etihad already faces competition from the giants Emirates, based in Dubai, and Qatar Airways, based in Doha. Etihad has recorded losses in the past three years.

Source : latribune.fr

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