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Wizz Air to boost fleet
Monday, July 11, 2005, 10:37
Hard on the heels of the recently publicized $1.76 million order of regional budget carrier SkyEurope, archrival Wizz Air has now announced the largest aircraft purchase in Central Eastern Europe worth a total of Euro 2 billion, Népszabadság reported. The airline is planning to buy 24 Airbuses, boosting its the number of its fleet to over that of national carrier Malév Rt in five years. A recent market survey by the German office of management consultant McKinsey & Company predicted that the low-cost sector will account for 20% of air traffic in 2007 (up on 7% in 2001 and 16% in 2004), and that a dividing line will gradually develop between successful big companies and doomed small ones, a trend also foretold by the fact that major players Ryanair, easyJet and AirBerlin have standing orders for 300 passenger aircraft in total.
Gránit Pólus Group has named Attila Prosits as its business development director, after he headed the capitalʼs WestEnd City Center mall successfully for nearly ten years, according to a press release sent to the Budapest Business Journal.
Gránit Pólus Group has announced the appointment of Simona Ioana Ion as property management director of Budapestʼs WestEnd City Center shopping mall, according to a press release sent to the Budapest Business Journal.
Wages at Budapest Airport and its subsidiaries are set to increase by 12.8% on average, as the airport reached an agreement with business councils and trade unions about base wages and bonus increases, according to a press release sent to the Budapest Business Journal.
Budapestʼs Central European University (CEU) and international network Scholars at Risk have been jointly awarded the 2019 Politiken Freedom Prize for "protecting scholars and the freedom to think, question and share ideas," according to a press release sent to the Budapest Business Journal.
The Government Debt Management Agency (ÁKK) sold HUF 40 billion of bonds maturing in 2026 and 2028, accepting bonds expiring in 2020 as payment at a switch auction on Wednesday, state news wire MTI reported.
S&P Global Ratings on Tuesday said it raised its long and short-term resolution counterparty ratings (RCRs) on Hungaryʼs OTP Bank and its unit OTP Mortgage Bank from "BBB-/A-3" to "BBB/A-2," state news agency MTI reported.
Long-distance coach operator Flixbus has announced expanding its summer route offers, meaning that from June onwards, it will provide daily connections to more than 20 settlements from Hungary, including destinations on the Slovenian coast and in Istria for the first time.
The organizers of the annual Red Bull Air Race visited Zamárdi, on Lake Balaton, on Tuesday in their search for an alternative venue for this yearʼs event, which has been banned from downtown Budapest, the cityʼs mayor told state news agency MTI.
Hungary has become the 29th country to sign the Declaration creating a European Blockchain Partnership, the European Commission said on its website, ec.europa.eu.
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