UAE – Mubasher: Abu Dhabi Developmental Holding company (ADDH) has reached a final agreement with Wizz Air Holdings, a low-cost carrier in Central and Eastern Europe, to launch a joint airline under the name 'Wizz Air Abu Dhabi'.
The new Emirati low-cost airline will start its operations during the second half (H2) of 2020 to provide high-quality services in a number of destinations in Europe, the Middle East, Asia, and Africa.
The establishment of the new Abu Dhabi-based carrier is in line with the emirate's AED 50 billion accelerator programme Ghadan 21, which aims to develop the emirate through investing in businesses, innovation, and people.
Commenting on the agreement, the CEO of ADDH, Mohamed Hassan Al Suwaidi, said: “Our partnerships with Wizz Air and others will help elevate the UAE’s capital as a highly competitive regional and international destination for leisure and business travellers alike."
Meanwhile, the CEO of Wizz Air Holdings, Jozsef Varadi, referred: “The joint venture agreement with Abu Dhabi Developmental Holding Company to form Wizz Air Abu Dhabi underpins our long-term dedication to bringing an economically and operationally highly efficient as well as environmentally most sustainable airline business model to boost Abu Dhabi’s aviation development."