Wizz Air Regulatory News (WIZZ)

WIZZ AIR ANNOUNCES ITS INTENTION TO FORM A NEW AIRLINE IN MALTA

LSE: WIZZ

Geneva, 17 May 2022: Wizz Air, fastest growing European low-cost airline and one of the most sustainable, announces that based on the 'Arrangement on Reallocation of Responsibility' document signed today between the European Union Aviation Safety Agency ("EASA") and the Malta Civil Aviation Directorate ("CAD"), it intends to file an application for its Maltese subsidiary to be granted an Air Operator's Certificate ("AOC") with EASA and an Operating Licence ("OL") with CAD.

Subject to confirmation of its AOC and OL from the EASA and CAD, Wizz Air Malta may begin operations in October 2022 with Malta-registered aircraft.

Wizz Air Chief Executive Officer, József Váradi said: "We are pleased to announce our intention to establish a new airline subsidiary in Malta. Wizz Air is constantly evaluating the structure of its business and exploring options to establish new AOC's and bases in Europe and beyond. The successful establishment of Wizz Air Malta later this year will help to reinforce our strong position and support our expansion plans in Europe. We look forward to working with EASA and the Maltese CAA to take this application forward."

Patrick Ky, Executive Director of EASA, said: "This will be a new step in the already well-established cooperation between the Agency, the Maltese Civil Aviation Directorate and Wizz Air. This new set-up, where one group will operate multiple AOCs based in different Member States, but overseen by the same Competent Authority, demonstrates the possibilities available through the transfer of responsibilities to EASA. We are looking forward to working together on the issuance of this brand-new AOC and the subsequent oversight activities."

Capt. Charles Pace, Director General of the Civil Aviation Directorate Malta, stated: "It is an honour to have Wizz Air as one of the Airlines selecting Malta as one of their Principal Places of Business. The team effort and approach of CAD has once again been proven to be a winning formula. I would like to take this opportunity to thank the CEO and Board of Wizz Air for their trust, and I look forward to working with EASA and Wizz Air in issuing the AOC and AOL."

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ABOUT WIZZ AIR

Wizz Air, the fastest growing European low-cost airline and one of the most sustainable, operates a fleet of 153 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 40 million passengers in the financial year F20 ending 31 March, 2020 and 27.1 million passengers in the financial year F22 ending 31 March 2022. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ. The company was recently named one of the world's top ten safest airlines by airlineratings.com, the world's only safety and product rating agency, and 2020 Airline of the Year by ATW, the most coveted honour an airline or individual can receive, recognizing individuals and organizations that have distinguished themselves through outstanding performance, innovation, and superior service.