Montenegro Airlines registers passenger growth

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Wizz Air to set up Maltese airline

Wizz Air is planning to create a new subsidiary based in Malta to allow the budget carrier to continue expanding around Europe. The Hungary-based carrier is already the fastest growing airline in Europe and now intends to set up Wizz Air Malta, which could begin flights in October 2022 using Malta-registered aircraft. The airline said it would apply for an Air Operator’s Certificate (AOC) for the new subsidiary. Wizz Air’s CEO, Jozsef Varadi, said, “We are pleased to announce our intention to establish a new airline subsidiary in Malta. Wizz Air is constantly evaluating the structure of its business and exploring options to establish new AOCs and bases in Europe and beyond”. He added, he successful establishment of Wizz Air Malta later this year will help to reinforce our strong position and support our expansion plans in Europe. We look forward to working with EASA (European Union Aviation Safety Agency) and the Maltese CAA to take this application forward”. European airlines can now set up multiple AOCs across the continent with the arrangements being overseen by EASA. Patrick Ky, Executive Director of EASA, noted, “This new set-up, where one group will operate multiple AOCs based in different member states, but overseen by the same competent authority, demonstrates the possibilities available through the transfer of responsibilities to EASA”. Malta’s Minister for Transport, Aaron Farrugia, said, “This airline will register a substantial number of aircraft in our country, further increasing the number of our already strong 9H fleet. In fact, it is expected to have a significant impact on our economy and generate further jobs. It will also lead to further opportunities and initiatives”.

Montenegro Airlines registers passenger growth

NEWS FLASH

Montenegro Airlines handled 262.954 passengers during the first half of 2019, representing an increase of 4.9%. It carried an additional 12.221 travellers compared to the same period last year. In June alone, the company welcomed 77.348 passengers on board its aircraft, up 5%. "The latest figures show that Montenegro Airlines has managed to improve its figures during the second quarter. This will have a positive impact on our income and business results, however, there is still a range of extenuating circumstances, including the high cost of fuel, as well as the extremely expensive overhaul and leasing of Embraer engines. We plan to handle over 660.000 passengers this year", the carrier's CEO, Živko Banjević, said.

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Montenegro Airlines registers passenger growth

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