- Budget carrier Wizz Air said it had agreed to form an Abu Dhabi-based joint venture with Abu Dhabi Developmental.

The venture, dubbed Wizz Air Abu Dhabi, would be a low-cost airline that would launch its operations at Abu Dhabi International Airport in the fall of 2020.

'The agreement is a major milestone in the launch of Wizz Air Abu Dhabi, a new Emirati low-cost airline based in the UAE's capital,' the company said.

'Wizz Air Abu Dhabi plans to start operations in the second half of the year, bringing low fares paired with a high-quality on-board experience to a range of destinations across Europe, the Middle East, Asia and Africa.'

At 8:20am: [LON:WIZZ] Wizz Air Holdings PLC share price was +74p at 3489p

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