Wizz Air, Europe’s fastest-growing and greenest airline, has signed a Memorandum of Understanding with the Ministry of Investment of the Kingdom of Saudi Arabia, which is supported by the Saudi National Air Connectivity Programme. The agreement aims to explore market development opportunities in the country’s aviation industry, says Helló Magyar.
Saudi Arabia has embarked on an ambitious strategic vision with the Vision 2030 programme, which aims to triple the country’s passenger traffic by the end of the decade. This target offers unprecedented opportunities for airlines and the aviation supply chain.
Wizz Air’s innovative and sustainable ultra-low-cost model has a proven track record of developing markets by making flying more affordable for a wider range of people than ever before.
The MoU reflects the potential of working with Wizz Air and the potential growth in demand that could contribute significantly to the economic prosperity of the Kingdom of Saudi Arabia.
Following the agreement,
the parties will work on potential investment and operational models that will promote air transport in Saudi Arabia, boosting the country’s tourism and significantly increasing its connectivity.
Wizz Air, Europe’s fastest growing low-cost airline, currently operates a fleet of 154 Airbus A320, A321, A320neo, and A321neo aircraft with an average age of five years.
Wizz Air was recently named one of the 10 safest low-cost airlines in the world by AirlineRatings.com, which evaluates the safety and service of airlines worldwide, and was named Airline of the Year 2020 at the Air Transport Awards, the only international awards ceremony to recognise the best in the airline industry in all major categories.
The airline was named the most sustainable company in the airline industry by World Finance Magazine in 2021.