ADDH ANNOUNCES PROPOSED ESTABLISHMENT OF NEW LOW-COST AIRLINE IN ABU DHABI

Tourism

ADDH ANNOUNCES PROPOSED ESTABLISHMENT OF NEW LOW-COST AIRLINE IN ABU DHABI

Abu Dhabi Developmental Holding Company PJSC ("ADDH") declared today that it has has reached an agreement in principle for the establishment local aircraft in Abu Dhabi in association with Wizz Air Holdings Plc ("Wizz Air"), Europe's greenest airline* and the biggest loc-cost carrier in Central and Eastern Europe. The new aircraft will be Wizz Air's first carrier set up outside of Europe.

It is proposed that the minimal effort aircraft will be shaped by means of a joint endeavor with Wizz Air, and tasks are required to dispatch in the second 50% of 2020. The carrier will concentrate on setting up courses to business sectors in which Wizz Air has existing, high development activities, to be specific Central and Eastern and Western Europe, also in the Indian subcontinent, Middle East and Africa, as time goes on.

With a fleet involving Airbus A321neo flying machine, the world's most effective limited body flying machine, and the new carrier will access markets with a sum of 5 billion clients crosswise over Europe and beyond.

The carrier's client suggestion will adjust directly to that of Wizz Air with a solitary spotlight on offering predominant worth put together quality with respect to air travel worked with the establishment of one of the world's greenest air ship fleets*.

H.E. Sheik Mohammed Bin Hamad Bin Tahnoon Al Nahyan, Chairman of Abu Dhabi Airports, remarked: "As Abu Dhabi International Airport proceeds with its development as a significant passage to the UAE and the more extensive region, we invite commitment aircrafts, for example, this new carrier, and the effect this organization will make to our proceeded with national economic improvement. We anticipate building an exceptionally fruitful association with them in the years to come."

Mr. Mohamed Hassan Al Suwaidi, CEO of ADDH, stated: "As a believed government collaborate with a reasonable order to support key segments of Abu Dhabi's non-oil economy, we are glad to band together with Wizz Air, an aircraft with high market needs and brand acknowledgment in key European source markets. Through our association with Wizz Air, we intend to benefit from the developing interest for budget travel and support the proceeded with development of Abu Dhabi as a world-class social and visitor destination."

Jzsef Vradi, Chief Executive Officer of Wizz Air Holdings, expressed: "We are glad that our first carrier to be set up outside of Europe is in Abu Dhabi, the capital of the UAE. ADDH's profound established information on the local market, support and route in another market for WIZZ is significant and will help the effective improvement of this ease aircraft."

"This is another way of development for Wizz Air, based on our effective ultra-minimal effort plan of action, carrying reasonable travel to significantly more clients. I might want to offer my most noteworthy thanks to H.E. Sheik Mohammed Bin Hamad Bin Tahnoon Al Nahyan and Mr. Mohamed Hassan Al Suwaidi for their commitment and support, without which this unique partnership would not have been figured it out. "- he included.

Bryan Thompson, CEO of Abu Dhabi Airports Company, remarked: "The dispatch of the new carrier is further demonstration of the Emirate's vigorous aviation infrastructure. In addition a solid exchange traveler program, Abu Dhabi International Airport (AUH) has likewise observed an expansion in cause and goal traffic this yearremaining one of the quickest developing air terminal center points in the locality. New travel contributions keep on motivating tourist from around the globe to come to Abu Dhabi. We invite the world to Abu Dhabi, and anticipate giving an outstanding traveler experience to much more voyagers through this endeavour."

The foundation of the new carrier is dependent upon, in addition to other things, understanding and passage into of complete documentation with ADDH, the receipt of all vital interior and external endorsements andconsents, and the aircraft fulfilling every single administrative necessity of the UAE General Civil Aviation Authority ("GCAA") to get the Air Operator's Certificate (AOC).