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October 30, 2020

How will air travel change in the new reality?

Wings of the Future 2020
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ATO Events
Wings of the Future 2020
Dear colleagues!
How will air travel change in the new reality?
«We have been waiting for this moment for 10 years,» Jozsef Varadi Varadi said, speaking at the release of Wizz Air’s fiscal 2020 first quarter results July 29. «In 2008-2009, we didn’t have the capacity or the scale to benefit from those circumstances. We have a significant balance sheet and a significant pile of cash available to the business. This is our time.»

In March Wizz Air estimated its liquidity at some 1.5 bln euro, which would keep it afloat without resorting to government support for two to three years. Despite downward trend in demand, which descended to 50% of 2019 levels in October from 80% year-on-year in August, the airline is proceeding with its fleet expansion plans and has added 12 new narrow-body Airbus aircraft since March. Deliveries of further 40 aircraft are expected to follow within the next 15 months.

The 18th international Wings of the Future forum offers an opportunity to hear Jozsef Varadi and ask him questions. The forum will go online on November 11 and 12. It is an opportunity, so rare these days, to join in on discussing the pains and prospects of commercial aviation, get the grip on the industry’s pulse, and to communicate — albeit remotely — with its leaders, colleagues and friends. And to discuss where it’s all moving.

For instance, it’s interesting to see how Wizz Air is adapting to the structural changes transforming the air travel market today. It is likely that the so far successful hub model has come to the limit of its development, and the direct point-to-point model is becoming more justified, whereby direct flights link a network of airports with several aircraft based at each one — and that’s the model developed by Wizz Air. Thanks to the introduction of the seventh freedom of air in St. Petersburg, Wizz Air is preparing to launch its first base in Russia as soon as the quarantine restrictions are removed. Jozsef Varadi notes that the medium-haul air travel in Europe has long become a commodity, that the fare has become the key to success and that the airline with the lowest costs will win the market. That is what Wizz Air is focused on, including its fleet renewal strategy.

Full agenda

Wings of the Future international aviation forum will be held by ATO Events for the 18th time on November 11 and 12 — this year online only. Despite all limitations, this format provides an opportunity to gather the expert community from across the globe to exchange the best practices of steering business through the ongoing unprecedented crisis.

Embraer has been one of the forum’s long-standing partners. The Brazilian manufacturer is the inventor of the new class of aircraft — ‘crossovers’ between regional and medium-haul aircraft, which have proved particularly efficient in the current situation. Due to its smaller capacity of these aircraft the higher seat load factor improves the operational profitability during the times of reduced passenger traffic.
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General insurance partner
AlfaStrakhovanie
Sponsors
Lufthansa Technik
Embraer
whitecase
Wings of the Future Award general sponsor
SITA
Registration: +7 495 108-51-43
Participation: +7 967 198-38-81
Margarita Gukasova
m.gukasova@atoevents.ru
ATO Events
ATO Events conferences and forums over their twenty-year history have formed their reputation as highly professional industry events, which are distinguished by a level of participation and wide audience coverage. During business and informal communication, conference delegates receive insights, useful experience and new knowledge from industry leaders, experts, colleagues and friends.