No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, February 22, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Wizz Air CEO: We’ll open Israel hub in April

by TheAdviserMagazine
3 months ago
in Business
Reading Time: 3 mins read
A A
Wizz Air CEO: We’ll open Israel hub in April
Share on FacebookShare on TwitterShare on LInkedIn


In a joint declaration with Minister of Transport Miri Regev, Wizz Air CEO Jozsef Varadi announced the establishment of a Wizz Air hub in Israel in April 2026. This will be a dramatic boost to competition in aviation in Israel. The Histadrut (General Federation of Labor in Israel) is intervening on behalf of the unions at the Israeli airlines to prevent the move, but it appears that it will nevertheless come to fruition. El Al’s share price is currently down by more than 6% in the wake of the declaration.

“We are acting on all channels to bring down the cost of living,” Regev said. “The open skies reform has proved successful, and maintained the strength of the Israeli airlines, led to lower fares, and offered more destinations to the Israel public.” She added that although the Israeli airlines had continued flying during emergencies, they had exploited the shortage of flights to gouge prices “and that is unacceptable.”

“One of the aims of any government is to ensure low air fares,” Varadi said. “We can add value and create a low-cost alternative for people who want to travel. We are fully committed to proceeding with this and actually setting up the hub in Israel.” Varadi said that his company wanted to start operations “as soon as possible” and even as early as next March or April. “We want to appear as your business partner, as a corporate citizen involved in Israel,” he said.

Regev said that several issues had arisen in the talks with the Wizz Air CEO. One of them was the use of Eilat’s Ramon Airport, which the government wishes to encourage, and it appears that that matter has not been completely resolved. “The professional teams will continue to bridge the gaps in regulation, and we shall hold another meeting in January,” Regev said. In other words, it is possible that Wizz Air will divide its activity between Ben Gurion Airport and Ramon Airport, but it is not yet clear how.

The main gap between the sides is over Wizz Air’s demand to exercise what is known as the seventh freedom of the air, which is the right to fly directly between two destinations outside an airline’s home country.

Wizz Air, which is registered in Hungary, sought to operate flights from Israel to Europe, and there is no problem with that. The problems started when the airline realized that these flights would not be sufficient for it, and sought to operate flights from Israel to countries outside the EU, in the Balkans and later on to the UAE as well.





RELATED ARTICLES




Wizz Air steps back from Israel hub plan


Wizz Air uncompromising on demands for Israel hub


Wizz Air’s resumption of Israel flights helps cut fares


Ryanair refuses to renew Israel flights






Israeli officials are divided on this demand. It will have a significant negative impact on the Israeli airlines, since Wizz Air will in effect be able to operate like an Israeli airline but without Israeli regulation that mandates security arrangements, collective labor agreements, and so on.

Meanwhile, Eyal Yadin, who is responsible for transport at the Histadrut, has written to Regev saying, “I wish to inform you that the aviation workers will not stand aside when their livelihoods and the futures of their families are thrown into the waste basket in a hasty move carried out at a time and in a fashion that raise questions. Unless a dialogue is conducted with the workers’ representatives, before promises and commitments are made that could have a severe impact on their future, further progress with the move is liable to encounter difficulties. In order to avoid unnecessary embarrassment I suggest postponing the meeting until matters are settled vis-à-vis the representative body of the aviation sector workers, as they should be.”

Published by Globes, Israel business news – en.globes.co.il – on November 27, 2025.

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




Source link

Tags: airAprilCEOhubIsraelOpenWizz
ShareTweetShare
Previous Post

$BEST wkracza na MEXC! Handel startuje już 28 listopada

Next Post

The Afghan national suspected of shooting National Guard members blocks from the White House previously worked with the CIA

Related Posts

edit post
In private credit, ‘shadow default’ rate increases as money chases lower-quality deals

In private credit, ‘shadow default’ rate increases as money chases lower-quality deals

by TheAdviserMagazine
February 22, 2026
0

The total value of companies in the private credit market has increased over the last year but the quality of...

edit post
REITs, InvITs to play larger role in enhancing portfolio returns: Radhavi Deshpande

REITs, InvITs to play larger role in enhancing portfolio returns: Radhavi Deshpande

by TheAdviserMagazine
February 22, 2026
0

Radhavi Deshpande, Chief Investment Officer at Kotak Mahindra Life Insurance, believes REITs and InvITs are positioned to assume a more...

edit post
Foreign resident buys seven Jerusalem apartments

Foreign resident buys seven Jerusalem apartments

by TheAdviserMagazine
February 22, 2026
0

A foreign resident has bought seven new four-room apartments in the New Talpiot project in Jerusalem for NIS 27...

edit post
M-cap of six of top 10 most valued firms climbs Rs 63,000 crore; L&T, SBI biggest gainers

M-cap of six of top 10 most valued firms climbs Rs 63,000 crore; L&T, SBI biggest gainers

by TheAdviserMagazine
February 22, 2026
0

The combined market valuation of six of the top-10 valued firms climbed Rs 63,478.46 crore last week, led by Larsen...

edit post
NASA delays moon mission to fix rocket, rules out March launch

NASA delays moon mission to fix rocket, rules out March launch

by TheAdviserMagazine
February 21, 2026
0

NASA is preparing to remove its massive moon rocket from its launchpad to fix a technical issue, delaying the agency’s much-anticipated mission...

edit post
DOJ probes Netflix’s power over filmmakers in Warner deal review

DOJ probes Netflix’s power over filmmakers in Warner deal review

by TheAdviserMagazine
February 21, 2026
0

The Justice Department’s investigation of Netflix Inc.’s proposed $72 billion takeover of Warner Bros. Discovery Inc. includes scrutiny of the...

Next Post
edit post
The Afghan national suspected of shooting National Guard members blocks from the White House previously worked with the CIA

The Afghan national suspected of shooting National Guard members blocks from the White House previously worked with the CIA

edit post
*HOT* NCAA Pullovers, Sweatshirts, & Hoodies as low as .79!

*HOT* NCAA Pullovers, Sweatshirts, & Hoodies as low as $10.79!

  • Trending
  • Comments
  • Latest
edit post
Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending

Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending

February 3, 2026
edit post
North Carolina Updates How Wills Can Be Stored

North Carolina Updates How Wills Can Be Stored

February 10, 2026
edit post
Gasoline-starved California is turning to fuel from the Bahamas

Gasoline-starved California is turning to fuel from the Bahamas

February 15, 2026
edit post
Where Is My 2025 Oregon State Tax Refund

Where Is My 2025 Oregon State Tax Refund

February 13, 2026
edit post
2025 Delaware State Tax Refund – DE Tax Brackets

2025 Delaware State Tax Refund – DE Tax Brackets

February 16, 2026
edit post
Key Nevada legislator says lawmakers will push for independent audit of altered public record in Nevada OSHA’s Boring Company inspection 

Key Nevada legislator says lawmakers will push for independent audit of altered public record in Nevada OSHA’s Boring Company inspection 

February 4, 2026
edit post
REITs, InvITs to play larger role in enhancing portfolio returns: Radhavi Deshpande

REITs, InvITs to play larger role in enhancing portfolio returns: Radhavi Deshpande

0
edit post
i-80 Gold Advances Recapitalization Plan as Project Development Continues

i-80 Gold Advances Recapitalization Plan as Project Development Continues

0
edit post
In private credit, ‘shadow default’ rate increases as money chases lower-quality deals

In private credit, ‘shadow default’ rate increases as money chases lower-quality deals

0
edit post
Has China Blown The US Out Of The Sky?

Has China Blown The US Out Of The Sky?

0
edit post
Bitcoin Market Resets With 28% Deleveraging — What Next?

Bitcoin Market Resets With 28% Deleveraging — What Next?

0
edit post
6 Bank Account Alerts That Can Trigger Automatic Holds

6 Bank Account Alerts That Can Trigger Automatic Holds

0
edit post
In private credit, ‘shadow default’ rate increases as money chases lower-quality deals

In private credit, ‘shadow default’ rate increases as money chases lower-quality deals

February 22, 2026
edit post
REITs, InvITs to play larger role in enhancing portfolio returns: Radhavi Deshpande

REITs, InvITs to play larger role in enhancing portfolio returns: Radhavi Deshpande

February 22, 2026
edit post
Foreign resident buys seven Jerusalem apartments

Foreign resident buys seven Jerusalem apartments

February 22, 2026
edit post
Anthropic Launches Claude Code Security, Shaking up Cybersecurity Stocks

Anthropic Launches Claude Code Security, Shaking up Cybersecurity Stocks

February 22, 2026
edit post
Psychology says the reason your father never told you he was proud of you isn’t that he wasn’t — it’s that his generation was taught that providing was the language of love, and he said it every day in ways you weren’t listening for

Psychology says the reason your father never told you he was proud of you isn’t that he wasn’t — it’s that his generation was taught that providing was the language of love, and he said it every day in ways you weren’t listening for

February 22, 2026
edit post
M-cap of six of top 10 most valued firms climbs Rs 63,000 crore; L&T, SBI biggest gainers

M-cap of six of top 10 most valued firms climbs Rs 63,000 crore; L&T, SBI biggest gainers

February 22, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • In private credit, ‘shadow default’ rate increases as money chases lower-quality deals
  • REITs, InvITs to play larger role in enhancing portfolio returns: Radhavi Deshpande
  • Foreign resident buys seven Jerusalem apartments
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

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

Welcome Back!

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
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

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