Wizz Air seeks slots from vulnerable carriers
Budget carrier Wizz Air is negotiating with European airports to acquire slots from airlines facing potential bankruptcy this winter. The expansion strategy mirrors similar moves by rival Ryanair as carriers vie for market share.
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Wizz Air Holdings PLC is in talks with airports across Europe to take over slots from financially distressed carriers, matching a push by rival Ryanair Holdings PLC-SP ADR. Chief Corporate Officer Owain Jones confirmed the strategy on Tuesday afternoon in Portugal following remarks by Ryanair CEO Michael O'Leary in late September. High jet fuel costs and geopolitical uncertainty threaten to push weaker airlines into bankruptcy ahead of winter.
