Wizz Air plans to create a new subsidiary based in Malta to allow the low-cost carrier to continue to expand in Europe.
The Hungary-based carrier is already the fastest growing airline in Europe and now intends to set up Wizz Air Malta, which could start flying in October 2022 using Malta-registered aircraft. The airline said it would apply for an Air Operator’s Certificate (AOC) for the new subsidiary.
Jozsef Varadi, CEO of Wizz Air, said: “We are pleased to announce our intention to establish a new airline subsidiary in Malta. Wizz Air is constantly evaluating its business structure and exploring options to establish new AOCs and bases in Europe and beyond.
“The successful establishment of Wizz Air Malta later this year will help reinforce our strong position and support our expansion plans in Europe. We look forward to working with EASA (European Union Aviation Safety Agency) and CAA Malta to move this bid forward. »
European airlines can now set up multiple AOCs across the continent, with the arrangements overseen by EASA.
Patrick Ky, Executive Director of EASA, added: “This new configuration, where one group will operate several AOCs based in different Member States, but supervised by the same competent authority, demonstrates the possibilities offered by the transfer of responsibilities to the EASA. ”