Hungarian Wizz Air overtakes struggling SkyEurope22 August 2009
Hungarian low-cost carrier Wizz Air has now clearly overtaken its main regional rival, Slovakiaâ€™s SkyEurope. Once Eastern Europeâ€™s largest discount airline, SkyEurope has failed to turn a profit since its founding in 2002 and was forced to file for creditor protection in June 2009.
Since then, the Slovak carrierâ€™s woes have only gotten worse. The carrier failed to reach a deal with Viennaâ€™s Schwechat Airport last Friday, which led to the cancellation of all flights from SkyEuropeâ€™s Central European hub. SkyEurope reportedly has a significant outstanding debt with airports in both Vienna and Prague and as such, Schwechat has decided to stop servicing all SkyEurope flights.