Hungary's Wizz Air plans to set up a base in Israel by April next year, sparking backlash from local airlines over the ultra-low-cost carrier's entry into the market and increased competition.
The European airline aims to invest $1 billion in the Israeli market in the next few years by basing 10 aircraft and creating 4,000 jobs in the country, The Jerusalem Post reported. It is also to more than double the size of its network to 50 routes in the next few years, up from its existing 21 routes, The Times of Israel reported.
Wizz Air chief executive Jozsef Varadi met Israeli Transport Minister Miri Regev to discuss the market opportunities in the country.
Continue Reading on The National UAE
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.