Wizz Air Holdings PLC - Budapest-based budget airline - Intends to file an application for its subsidiary in Malta to be granted an air operator’s certificate and an operating license with the EU Aviation Safety Agency and Malta Civil Aviation Directorate respectively. Will form a new airline subsidiary in Malta, Wizz Air Malta, and operations could start in October.

‘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 CAD to take this application forward,’ Wizz Air Chief Executive Jozsef Varadi says.

Current stock price: 3,077.00 pence, up 4.2% on Tuesday

12-month change: down 33%

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