Sarajevo Airport seeks to raise funds

GLOBAL AVIATION NEWS

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”.

Sarajevo Airport seeks to raise funds

NEWS FLASH

Sarajevo Airport has begun tender procedures to raise funds in the form of a loan amounting to 8.5 million euros. The airport, like others, has been hit by the coronavirus pandemic, and at this point estimates a loss of 6.8 million euros for 2020. The airport has slowed down the construction of its new passenger terminal and other infrastructure upgrades taking place. A public call for an airline willing to open a base in Bosnia and Herzegovina’s capital next year was completed recently, with Sarajevo to offer various incentives for the selected carrier.

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Anonymous12:23
They're offering subsidies but they need to take out a loan?
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Anonymous13:14
The SJJ airport surroundings are very beautiful! Very picturesque!
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Sarajevo Airport seeks to raise funds

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