AS-IP Tech Inc (IPTK)

[MJAM2020]

Yep I like good number of things about WIZZ. These guys were a great choice for a partner to help launch the service.

'In spite of reduced near term capacity plans, Wizz Air expects there to be opportunities in the crisis. Its fleet will increase by 13% in FY2021 and more than double by FY2027. Its seat share has grown in its Central/Eastern Europe core market and it is opening 13 new bases across Europe, from the UK to Russia. Further new markets will be added by Wizz Air Dubai, which now expects to launch in Dec-2020.

Moreover, Wizz Air can afford to wait out any extension of the period of weak demand. CEO Jo´zsef Va´radi has said that its cash balance is enough to last for two years, even with a full lockdown and no flying.'

https://centreforaviation.com/analysis/reports/wizz-air-slows-its-capacity-recovery-cushioned-by-cash-543414


imho
mj