Tag Archives: Sandefjord

Wizz Air to expand operations in Poland and Romania, considers larger A321s

Wizz Air (wizzair.com) (Hungary) (Budapest) in March 2015 is expanding operations in Poland per Airline Route. The airline will launch the following routes:

Gdansk to Hahn (near Frankfurt) (twice weekly) starting on March 31 and to Molde (twice weekly) on March 30

Katowice to Belfast (twice weekly) starting on March 31

Poznan to Malmo (twice weekly) starting on March 30

In other news, Wizz Air has signed a Memorandum of Understanding (MOU) with the Hungarian Ministry of Foreign Affairs and Trade, the University of Debrecen and Pharma-Flight Kft., to establish an ATO-certified pilot school for talented individuals willing to pursue a career in aviation. The four parties agreed on facilitating the launch of the flight training program at the Pharma-Flight International Science and Service Center in 2015. The airline will be involved in type-rating certification, supervision of the program syllabus, audit of the exam results and overall monitoring of the progress of the program. In case of satisfactory results, upon the completion of the course, Wizz Air will offer the young cadets placement at one of its bases for further training.

Additionally, Wizz Air has announced a sale and leaseback agreement with Goshawk Aviation Limited for seven new Airbus A320 aircraft. The airplanes are planned for delivery between November 2014 and June 2015. This is the first financing deal between the two parties.

Goshawk is an aircraft leasing vehicle managed by Investec Bank plc with capital from Investec and Asian institutional partners. With the Wizz Air transaction, Goshawk has over 30 aircraft either delivered or scheduled to be delivered over the next 12-15 months.

In Romania, Wizz Air announced further expansion in Romania. This news follows the announcement of 13 new routes and additional based aircraft in Cluj-Napoca and Timisoara. The airline will deploy one new aircraft in Bucharest, bringing its fleet in Romania to 17 Airbus A320s, representing 29% capacity growth in 2015 year-on-year. The 9th Bucharest based aircraft will be delivered at the end of July 2015.

Wizz Air also announced operations from Iasi airport, which will take the number of airports served by Wizz inRomania to 8. The new services from Iasi to Treviso will begin on December 20, 2014, Iasi –Milan Bergamo on March 31, 2015 and a Iasi-London Luton service will start on June 14, 2015.

From Bucharest, Wizz Air launched new routes to Pescara and Skavsta (near Stockholm), commencing on July 27, as well as a summer route to Heraklion commencing on June 20.

With these new services, Wizz Air is now offering a combined total of 97 routes to 15 countries from its 8 Romanian airports. The airline has also increased frequencies on 22 of the most popular routes across its Romanian network.

Finally, according to the Wall Street Journal the low-fare airline is considering swapping future Airbus A320 deliveries for larger A321s.

Copyright Photo: Ton Jochems/AirlinersGallery.com. Airbus A320-232 HA-LWX (msn 6001) taxies at Sandefjord.

Wizz Air (Hungary): AG Slide Show

 

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SAS completes the sale of Wideroe

Scandinavian Airlines-SAS (Stockholm) today announced it has completed the sale of subsidiary Wideroe (Widerøe’s Flyveselskap AS) (Oslo).

The airline issued this statement:

On May 3, 2013, SAS announced that an agreement had been signed to sell 80% of the shares in Wideroe’s Flyveselskap AS (Wideroe) to an investment group consisting of Torghatten ASA, Fjord1 AS and Nordland Fylkeskommune. The transaction was expected to be completed during September 2013.

SAS has today (September 30) transferred 80% of the shares in Wideroe to the investment group. The total transaction proceeds amount to approximately SEK 2 billion, including aircraft related transactions, which will reduce SAS’ net debt by a
corresponding amount. Approximately half of the total transaction proceeds are strengthening SAS’ cash and cash equivalent position. In addition, the transaction will reduce the previously announced negative effect on SAS’ shareholders’ equity from amended reporting rules for pensions by approximately SEK 1 billion.

SAS has reserved MSEK -300 in the second interim report 2012/2013 resulting from the sale of Wideroe. The final capital result will be reported in the fourth interim report 2012/2013.

SAS will divest the remaining shares in Widerře during 2016.

Copyright Photo: Ton Jochems/AirlinersGallery.com. Wideroe’s (Widerøe’s Flyveselskap AS) Bombardier DHC-8-402 (Q400) LN-WDF (msn 4244) is portrayed at a stop at Torp (Sandefjord).

Wideroe: AG Slide Show