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20th June, 2019

Wizz Air buys long-range jets

Wizz Air has ordered 20 Airbus A321XLR long-range jets, indicating plans to expand its market, airline industry website Airportal reported from the Paris Air Show, where the contract was signed on Wednesday.

The aircraft, capable of flying distances of up to 8,700km, will arrive over three years starting in 2023.

CEO Jozsef Varady confirmed at the signing ceremony that Wizz Air would like to expand its operations to include long-range flights.

Wizz Air’s existing flights to Astana and Dubai are successful, so the long-range operation is promising, he added.

The new planes will open up North American and Asian destinations from Wizz Air’s main market, the Eastern European region, Airportal points out.

Wizz Air shareholders still have to approve the deal. (airportal.hu; portfolio.hu; origo.hu)
20th June, 2019

OTP misses out in Slovene bank bid

OTP has lost out to US investment fund Apollo in its bid to buy Slovenian bank Abanka, it was announced yesterday.

Earlier reports indicated that both bidders had offered €400-450 million for Abanka, the country’s third largest lender.

Both bidders already own banks in Slovenia. (portfolio.hu; nepszava.hu; napi.hu)
20th June, 2019

Uniqa wins ambulance insurance order

Uniqa has won the bulk of the contracts for insuring the vehicles, equipment and employees of the ambulance service OMSZ, according to the EU public procurement website.

Uniqa will insure OMSZ vehicles for three years for a total of Ft 2.6 billion, and on-board equipment for Ft 11 million.

It is also Uniqa which provides life and accident insurance for the 8,166 OMSZ employees for a total of Ft 60 million.

Allianz Hungaria won the liability insurance tender with its Ft 60 million bid.

The OMSZ signed the contracts with the winners on June 8.

Insurance companies Generali, Groupama and CIG Pannonia were also competing for the orders. (napi.hu)
20th June, 2019

Central Media Group CEO leaves

After one year in office, CEO Kinga Meszaros of publisher the Central Media Group resigned on Tuesday, media website Kreativ reports.

Former CEO and present chairman Zoltan Varga is returning to his old position.

The company publishes mostly women’s and tabloid weeklies including Nok Lapja and Marie Claire, the tabloid Story and radio and TV weekly programme listings.

Its website says Central Media’s 25 magazines reach 2.3 million readers monthly.

Meszaros said her disagreement with the future growth strategy led to her resignation.

She continues to work for Central Media until July 15.

Meszaros joined Central Media in November 2017 and became the CEO in May 2018. Earlier she led the Hungarian office of advertising agency Saatchi & Saatchi. (kreativ.hu; centralmediacsoport.hu; hvg.hu; index.hu)

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