No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, November 18, 2025
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 uncompromising on demands for Israel hub

by TheAdviserMagazine
3 weeks ago
in Business
Reading Time: 4 mins read
A A
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

Elon Musk Wants $1 Trillion? Here Are 9 Better Places to Put That Money

Next Post

Why PartnerPortal Beats Excel for Co-Op/MDF Program Management

Related Posts

edit post
ETMarkets Smart Talk | With IPO valuations running hot, Aviva CIO sees better value in secondary markets

ETMarkets Smart Talk | With IPO valuations running hot, Aviva CIO sees better value in secondary markets

by TheAdviserMagazine
November 17, 2025
0

In this edition of ETMarkets Smart Talk, we speak with Balamurugan Shanmugam, Chief Investment Officer at Aviva India, who shares...

edit post
UN Security Council adopts US resolution on Trump’s Gaza plan

UN Security Council adopts US resolution on Trump’s Gaza plan

by TheAdviserMagazine
November 17, 2025
0

The UN Security Council on Monday voted to adopt a U.S.-drafted resolution endorsing President Donald Trump's plan to end the...

edit post
Trump promises to send ,000 tariff dividend checks ‘probably the middle of next year, a little bit later than that’

Trump promises to send $2,000 tariff dividend checks ‘probably the middle of next year, a little bit later than that’

by TheAdviserMagazine
November 17, 2025
0

President Donald Trump promised on Monday that his administration will begin issuing $2,000 “tariff dividend” checks to Americans around the...

edit post
This Cisco exec started at the 6 billion company 30 years ago after interviewing for the wrong gig. It inspired her to fight for entry-level jobs

This Cisco exec started at the $306 billion company 30 years ago after interviewing for the wrong gig. It inspired her to fight for entry-level jobs

by TheAdviserMagazine
November 17, 2025
0

That fear could end up being fortuitous. That was the case for Fran Katsoudas, Cisco’s chief people, policy, and purpose...

edit post
 Hedge fund billionaire Bill Ackman just dropped a four-word dating tip — and the internet is going crazy over it

 Hedge fund billionaire Bill Ackman just dropped a four-word dating tip — and the internet is going crazy over it

by TheAdviserMagazine
November 17, 2025
0

Somewhere in Stanford, California, an undergrad is telling his roommates that he landed a Friday night date because he tried...

edit post
SPY ETF: If The S&P Goes Lower, Look To Trade Put Options On This Fund

SPY ETF: If The S&P Goes Lower, Look To Trade Put Options On This Fund

by TheAdviserMagazine
November 17, 2025
0

After a rocky start, the S&P 500 has delivered an impressive year. From its April lows, the index has surged...

Next Post
edit post
Why PartnerPortal Beats Excel for Co-Op/MDF Program Management

Why PartnerPortal Beats Excel for Co-Op/MDF Program Management

edit 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

  • Trending
  • Comments
  • Latest
edit post
7 States That Are Quietly Taxing the Middle Class Into Extinction

7 States That Are Quietly Taxing the Middle Class Into Extinction

November 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Data centers in Nvidia’s hometown stand empty awaiting power

Data centers in Nvidia’s hometown stand empty awaiting power

November 10, 2025
edit post
8 States Offering Special Cash Rebates for Residents Over 65

8 States Offering Special Cash Rebates for Residents Over 65

November 9, 2025
edit post
Veterans Day 2025 Deals You Don’t Want to Miss

Veterans Day 2025 Deals You Don’t Want to Miss

November 10, 2025
edit post
ConocoPhillips Hits New Gas Discovery in Australia’s Otway Basin

ConocoPhillips Hits New Gas Discovery in Australia’s Otway Basin

0
edit post
The Road to De-Civilization: Inflation and the Moral Erosion of Society

The Road to De-Civilization: Inflation and the Moral Erosion of Society

0
edit post
Tariff Rebate Checks Won’t Help Families. Ending the Trade War Would.

Tariff Rebate Checks Won’t Help Families. Ending the Trade War Would.

0
edit post
XRP and Solana ETFs shine as Bitcoin and Ethereum lag

XRP and Solana ETFs shine as Bitcoin and Ethereum lag

0
edit post
10 Ways Companies Are Overcharging You—And Betting You Won’t Notice

10 Ways Companies Are Overcharging You—And Betting You Won’t Notice

0
edit post
20 Cities Where It’s Cheaper to Buy a Home Than Rent One

20 Cities Where It’s Cheaper to Buy a Home Than Rent One

0
edit post
ETMarkets Smart Talk | With IPO valuations running hot, Aviva CIO sees better value in secondary markets

ETMarkets Smart Talk | With IPO valuations running hot, Aviva CIO sees better value in secondary markets

November 17, 2025
edit post
UN Security Council adopts US resolution on Trump’s Gaza plan

UN Security Council adopts US resolution on Trump’s Gaza plan

November 17, 2025
edit post
XRP and Solana ETFs shine as Bitcoin and Ethereum lag

XRP and Solana ETFs shine as Bitcoin and Ethereum lag

November 17, 2025
edit post
20 Cities Where It’s Cheaper to Buy a Home Than Rent One

20 Cities Where It’s Cheaper to Buy a Home Than Rent One

November 17, 2025
edit post
Bitcoin Social Dominance Hits 4-Month High: What It Means

Bitcoin Social Dominance Hits 4-Month High: What It Means

November 17, 2025
edit post
What Your YMCA Offers Seniors — But Doesn’t Advertise

What Your YMCA Offers Seniors — But Doesn’t Advertise

November 17, 2025
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

  • ETMarkets Smart Talk | With IPO valuations running hot, Aviva CIO sees better value in secondary markets
  • UN Security Council adopts US resolution on Trump’s Gaza plan
  • XRP and Solana ETFs shine as Bitcoin and Ethereum lag
  • 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.