Former Adria CEOs under investigation

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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”.

Former Adria CEOs under investigation

NEWS FLASH

The last two CEOs of Slovenia’s former flag carrier Adria Airways are under investigation on suspicion of committing two criminal offences, as well fraud by abuse of position, the Slovenian public broadcaster RTV SLO reports. Arno Schuster was the first to head the Slovenian carrier following its takeover by the German turnaround fund 4K Invest in 2016. He resigned from his post in 2018 for personal reasons and was replaced by Holger Kowarsch until the company’s bankruptcy last year. Last week, the National Bureau of Investigation conducted house searches in the Kranj and Ljubljana areas in connection to Adria Airways’ collapse, noting that a pre-trial investigation is currently being conducted against the two foreign nationals.

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Anonymous19:43
It was about time.
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Anonymous08:28
Why don't they also go after the management that was there during government ownership? They are the ones that ran up most of the debt.
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Anonymous10:20
last anon: c'mon man, they can't investigate their friends. how unfriendly that would be, right?
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