No Result
View All Result
  • Login
Tuesday, October 28, 2025
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

Wizz Air uncompromising on demands for Israel hub

by FeeOnlyNews.com
2 hours ago
in Business
Reading Time: 4 mins read
A A
0
Wizz Air uncompromising on demands for Israel hub
Share on FacebookShare on TwitterShare on LInkedIn


Senior officials from Israel’s Ministry of Transport have traveled to Hungary for intensive talks with top Wizz Air executives about setting up a hub in Israel for the low-cost Hungarian airline. If the move goes ahead, it is expected to spark competition in airfares, much to the dismay of Israeli airlines, which strongly oppose the plan.

However, “Globes” has learned that at this stage there is at least one obstacle that threatens to torpedo the move. Wizz Air is demanding that the principle of “seventh freedom of flight” be implemented in the agreement with Israel – a term from the aviation sector that allows, as part of agreements, the right of an airline from a particular country to operate flights between two other foreign countries, regardless of its home country.

Simply put: Wizz Air is striving to compete with Israeli companies to operate flights to the Balkans, the Caucasus and the United Arab Emirates from its base of operations in Israel. Since the airline is registered in Europe and does not intend to register as an Israeli company, as it wishes to avoid the Israeli regulation that applies to Israeli companies, it is essentially seeking to change the aviation laws in Israel, in a precedent-setting manner.

Wizz Air previously operated a hub based on its subsidiary in Abu Dhabi, but this was closed. The company apparently wants to regain its profitable route and operate flights between Israel and Dubai and Abu Dhabi.

According to industry sources, this is an unprecedented request that is doubtful to be agreed to legally and practically, but Wizz Air seems to be insisting on it.

Plotting to take over Ryanair’s slots

“Globes” has also learned that Wizz Air is plotting to take over the flight slots currently allocated to one of its major rivals – Irish low-cost airline Ryanair – which stopped flying to Israel during the war and has not yet resumed operations, charging that the Israel Airports Authority’s is refusing to confirm Ryanair’s historic slots for summer 2026 and refusing to confirm that low-cost Terminal 1 will remain open during future security events.

The Israeli delegation to Hungary includes Minister of Transport director general Moshe Ben Zaken, and Israel Airports Authority head Sharon Kedmi. Conspicuous by their absence from the delegation are members of the Civil Aviation Authority, who in the past expressed opposition to the entire move and claimed that it would harm Israeli companies.

This claim is backed up by the Israeli airlines that currently enjoy great priority in the distribution of slots at Ben Gurion Airport, as they are based in Israel. If they have to share the priority at the airport with a foreign company, this will certainly harm their competitiveness.





RELATED ARTICLES




Israel-US fares stay high despite return of foreign carriers


Five airlines resuming Israel flights


Ryanair refuses to renew Israel flights






However, the government believes that the aviation industry, which has recorded record profitability in recent years, can remain profitable through streamlining. In the meantime, Arkia has contacted the Ministry of Transport through the Firon law firm and claimed that the Minister of Transport does not have the authority to agree to such a hub, without approval from the Civil Aviation Authority, which opposes the move.

Wizz Air has been trying to establish a hub in Israel for several years but has been refused by local industry regulators. In the past year, the Ministry of Transport has been taking a different approach, designed to legitimize the move. Minister of Transport Miri Regev is even trying to portray the move as one of the outstanding achievements of her term.

A hub of operations would allow Wizz Air to set Israel as the starting and ending point of its flights, with the presence of aircraft and crews in Israel, which allows the company to operate more round trip flights and enjoy valuable slots (flight and takeoff times that are distributed to companies according to the airport’s capacity), and thus establish a deeper foothold in the local market.

Currently, local airlines have a comparative advantage in that their planes “stay” in Israel and can take advantage of the first and last slots of the day, which are preferred by passengers. If Wizz Air establishes a hub in Israel, it will be able to enjoy the same terms and become a dominant player during peak hours. It will also be able to continue to be a foreign company, so that it will not be subject to the strict regulation of Israeli companies – such as strict security arrangements and coordination with El Al, which is not only a competing company, but also the provider of security services in the industry.

In previous meetings, it emerged that Wizz Air intends to open its base of operations in Israel ahead of the next summer season, which will begin in April 2026, with three aircraft based in Israel, and that the company aims to operate up to 60 flights per day.

Published by Globes, Israel business news – en.globes.co.il – on October 28, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.




Source link

Tags: airdemandshubIsraeluncompromisingWizz
ShareTweetShare
Previous Post

What Is Revenge Saving (and Should You Be Doing It)?

Next Post

Ray Dalio says a risky AI market bubble is forming, but may not pop until the Fed tightens

Related Posts

Meet the billionaires spending over six figures to stop Zohran Mamdani from becoming New York’s next mayor, from Michael Bloomberg to Bill Ackman

Meet the billionaires spending over six figures to stop Zohran Mamdani from becoming New York’s next mayor, from Michael Bloomberg to Bill Ackman

by FeeOnlyNews.com
October 28, 2025
0

Part of Zohran Mamdani’s campaign centers around the belief that billionaires shouldn’t exist. Now, those ultra-wealthy earners are aiming to...

Exclusive | Western Union, Early Telegraph Pioneer, Joins the Crypto Arms Race

Exclusive | Western Union, Early Telegraph Pioneer, Joins the Crypto Arms Race

by FeeOnlyNews.com
October 28, 2025
0

One of the oldest payments networks is stepping into the digital age.Western Union WU 6.12%increase; green up pointing triangle, which...

Senators urge Trump to reconsider dropping Biden airline compensation plan

Senators urge Trump to reconsider dropping Biden airline compensation plan

by FeeOnlyNews.com
October 28, 2025
0

A group of 18 Democratic senators urged the Trump administration to reconsider its intention to drop a plan by the...

Chegg’s CEO once said he’s the ‘poster child’ for AI shock. Now, the company is slashing 45% of staff

Chegg’s CEO once said he’s the ‘poster child’ for AI shock. Now, the company is slashing 45% of staff

by FeeOnlyNews.com
October 28, 2025
0

Chegg is slashing about 45% of its workforce—388 roles—as the company says the “new realities of AI” and a sharp...

Secondary rounds in tech sector make a comeback

Secondary rounds in tech sector make a comeback

by FeeOnlyNews.com
October 28, 2025
0

Secondary rounds in the tech industry - employees and founders selling shares as part of bringing new investors into...

Stock Market Today: Dow Rises Ahead Of Fed Meeting; UnitedHealth Jumps (Live)

Stock Market Today: Dow Rises Ahead Of Fed Meeting; UnitedHealth Jumps (Live)

by FeeOnlyNews.com
October 28, 2025
0

Futures for the Dow Jones Industrial Average and other major stock indexes traded higher in premarket action Tuesday as Wall...

Next Post
Ray Dalio says a risky AI market bubble is forming, but may not pop until the Fed tightens

Ray Dalio says a risky AI market bubble is forming, but may not pop until the Fed tightens

Meet the billionaires spending over six figures to stop Zohran Mamdani from becoming New York’s next mayor, from Michael Bloomberg to Bill Ackman

Meet the billionaires spending over six figures to stop Zohran Mamdani from becoming New York's next mayor, from Michael Bloomberg to Bill Ackman

  • Trending
  • Comments
  • Latest
AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

October 15, 2025
Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

October 14, 2025
Are You Losing Out Because of Medicare Open Enrollment Mistakes?

Are You Losing Out Because of Medicare Open Enrollment Mistakes?

October 13, 2025
Coinbase boosts investment in India’s CoinDCX, valuing exchange at .45B

Coinbase boosts investment in India’s CoinDCX, valuing exchange at $2.45B

October 15, 2025
Government shutdown could drain financial advisor optimism

Government shutdown could drain financial advisor optimism

October 7, 2025
Getting Started: How to Register

Getting Started: How to Register

October 10, 2025
Why Republics Will Collapse | Armstrong Economics

Why Republics Will Collapse | Armstrong Economics

0
SharpLink to deploy 0M in ETH on Consensys’ Linea for onchain yield

SharpLink to deploy $200M in ETH on Consensys’ Linea for onchain yield

0
Meet the billionaires spending over six figures to stop Zohran Mamdani from becoming New York’s next mayor, from Michael Bloomberg to Bill Ackman

Meet the billionaires spending over six figures to stop Zohran Mamdani from becoming New York’s next mayor, from Michael Bloomberg to Bill Ackman

0
Ray Dalio says a risky AI market bubble is forming, but may not pop until the Fed tightens

Ray Dalio says a risky AI market bubble is forming, but may not pop until the Fed tightens

0
Market Concentration and Lost Decades

Market Concentration and Lost Decades

0
What Is Revenge Saving (and Should You Be Doing It)?

What Is Revenge Saving (and Should You Be Doing It)?

0
SharpLink to deploy 0M in ETH on Consensys’ Linea for onchain yield

SharpLink to deploy $200M in ETH on Consensys’ Linea for onchain yield

October 28, 2025
Meet the billionaires spending over six figures to stop Zohran Mamdani from becoming New York’s next mayor, from Michael Bloomberg to Bill Ackman

Meet the billionaires spending over six figures to stop Zohran Mamdani from becoming New York’s next mayor, from Michael Bloomberg to Bill Ackman

October 28, 2025
Ray Dalio says a risky AI market bubble is forming, but may not pop until the Fed tightens

Ray Dalio says a risky AI market bubble is forming, but may not pop until the Fed tightens

October 28, 2025
Wizz Air uncompromising on demands for Israel hub

Wizz Air uncompromising on demands for Israel hub

October 28, 2025
What Is Revenge Saving (and Should You Be Doing It)?

What Is Revenge Saving (and Should You Be Doing It)?

October 28, 2025
Exclusive | Western Union, Early Telegraph Pioneer, Joins the Crypto Arms Race

Exclusive | Western Union, Early Telegraph Pioneer, Joins the Crypto Arms Race

October 28, 2025
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • SharpLink to deploy $200M in ETH on Consensys’ Linea for onchain yield
  • Meet the billionaires spending over six figures to stop Zohran Mamdani from becoming New York’s next mayor, from Michael Bloomberg to Bill Ackman
  • Ray Dalio says a risky AI market bubble is forming, but may not pop until the Fed tightens
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.