Wizz Air Ukraine to be shut down, operations in the Ukraine are restructured

Wizz Air (Hungary) (Budapest) has announced it will close its Wizz Air (Ukraine) (Kiev-Zhulyany) subsidiary and replace it with a new Wizz Air (Hungary) Kiev base. The last Wizz Air (Ukraine) flights will be operated on April 19.

The airline issued this statement of the restructuring of operations in the Ukraine:

Wizz Air Holdings Plc announced that it will be further restructuring the Group’s operations in Ukraine. From April 20, 2015, Wizz Air Hungary will operate 8 routes into and out of Ukraine, to be followed by opening a Kiev base with one Airbus A320 aircraft on June 4, 2015.

Also from April 20, 2015, Wizz Air Ukraine – currently flying two aircraft on 16 Ukrainian routes – will cease operations. The second Airbus A320 aircraft currently based in Kiev will be redeployed to Wizz Air’s new operating base in Kosice, Slovakia, which will start operating new routes from Kosice to Milan Bergamo and Sheffield-Doncaster in early June 2015.

Following the removal of two aircraft from Ukraine last year, further capacity refinement and restructuring of Wizz Air’s operations in Ukraine were needed due to the ongoing instability in Eastern Ukraine, the devaluation and volatility of the local currency and the impact of foreign exchange controls. Wizz Air Hungary’s operation will significantly mitigate these impacts and enable Wizz Air to remain one of the major airlines in the Ukrainian market and stand ready for expansion once market circumstances improve.

CONTINUED UKRAINE ROUTES

Kiev – Budapest

Unaffected – Bookings Unaffected

Kiev – London Luton

Unaffected – Bookings Unaffected

Kiev – Cologne

Flights need to be re-booked with Wizz Air Hungary

Kiev – Dortmund

Flights need to be re-booked with Wizz Air Hungary

Kiev – Hamburg-Lübeck

Flights need to be re-booked with Wizz Air Hungary

Kiev – Katowice

Flights need to be re-booked with Wizz Air Hungary

Kiev – Larnaca

Flights need to be re-booked with Wizz Air Hungary

Kiev – Munich Memmingen

Flights need to be re-booked with Wizz Air Hungary

Customers holding tickets from April 20, 2015 on the routes noted above will need to re-book their flights with Wizz Air Hungary, who will be operating these routes from April 20, 2015.

These customers will be contacted for a full refund and will be able to purchase replacement tickets on Wizz Air Hungary at the same price as the original ticket (“Wizz Air Fare Guarantee”).

DISCONTINUED UKRAINE ROUTES

Kiev – Barcelona Girona

Kiev – Valencia

Kiev – Kutaisi

Kiev – Moscow

Kiev – Milan Bergamo

Kiev – Naples

Kiev – Venice Treviso

Lviv – Milan Bergamo

Lviv – Naples

Lviv – Venice Treviso

Customers on these services will be contacted for a full refund.

The restructuring of the Group’s Ukrainian operations and the closure of Wizz Air Ukraine will not have a material effect on the Group’s trading in the current year and subsequent financial years.

Copyright Photo: Nik French/AirlinersGallery.com. Airbus A320-232 UR-WUB (msn 3741) of Wizz Air (Ukraine) arrives at Antalya, Turkey.

Wizz Air (Hungary) aircraft slide show: AG Airline Slide Show

Wizz Air (Ukraine) aircraft slide show: AG Airline Slide Show

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