StockMarketWire.com - Aviation, energy and civil engineering group Stobart Group said it had entered into a five-year partnership with low-cost airline Wizz Air with three new routes set to operate from London Southend Airport, which it owns.

From 22 August, Wizz Air would put on sale flights to Bucharest, Sibiu and Vilnius, operating 14 flights a week from the airport, using Airbus A320 planes.

As a result of the new routes, which would start in October and November, Stobart's airport expected to welcome an additional 250,000 passengers in the first year.

Its target is to reach 5m passengers a year by February 2023.

"The agreement with Wizz Air is another significant milestone in the development of the UK's fastest-growing airport, London Southend Airport. The partnership increases the domestic and European destinations we can offer customers to more than 40 by adding exciting and increasingly popular destinations in Central and Eastern Europe,' said Warwick Brady, CEO.




At 8:46am:

[LON:STOB] Stobart Group Ltd share price was +0.2p at 111p

[LON:WIZZ] Wizz Air Holdings Plc share price was +21p at 3442p



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