KYIV. May 19 (Interfax-Ukraine) – Hungary’s Wizz Air low-cost airline is mulling expansion of its operations in Ukraine due to stabilization of the situation in the country.
“We see that the situation in Ukraine is being stabilized. We like what is happening there now from the business point of view,” Wizz Air CEO Jozsef Varadi told http://www.fly4free.com portal.
Commenting on this information, former infrastructure minister of Ukraine Andriy Pyvovarsky said that the main thing is to create equal conditions for everyone, and the market would dynamically develop itself if the economic situation stabilizes.
“Wizz Air expressed its desire to return to Ukraine as they see stabilization. How much time have I spent to explain to experts that the issue is with the economy, not politics? The invisible hand of the market is working. Adam Smith said this,” he wrote on his Facebook page.
Wizz Air’s fleet consisted of 67 Airbus A320 aircraft and two A321 aircraft based at 25 bases throughout Central and Eastern Europe. Wizz Air’s shares are listed on the London Stock Exchange.
Hungary’s low-cost airline Wizz Air carried over 395,000 passengers in 2015 from and to Ukraine, which is twice less from a year ago.
