KINOR INVESTMENT

Wizz Air to restore base in Kutaisi starting Spring 2021

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Wizz Air to restore its base in Kutaisi Airport in spring 2021. This is an expected and welcome news for our Investors, since Kinor Investment is developing a large-scale multi-phased mixed-use real estate project in the Airport area.

Due to the pandemic, airlines, including Wizz Air, had to suspend flights and reduce bases in many countries. It was a temporary decision caused by the pandemic, but the airline, which we all supported, sees a positive trajectory of our economic development and says that in the spring, most likely, its base in Georgia will be restored,” said Turnava.

Back in July, rumors surfaced that Hungarian low-cost airline Wizz Air was closing its base in Kutaisi. Answering the rumors, Wizz Air released a statement back then confirming it would remain in Georgia and continue operating once the borders reopened.

Wizz Air confirms it will continue operating in Georgia amid rumors it would leave base at Kutaisi Airport

“We are not closing the base at Kutaisi International Airport. Unfortunately we have suspended operations and brought our airplanes to another base,” said Andras Rado at the time, the head of Wizz Air corporate communications.

“Kinor Investment is confident about the speedy recovery of traveler traffic and connected businesses in Imereti region and we continue to commence with our Investment projects with no alterations in scheduled plan. The news that the base will be restored as early as Spring 2021 is of course in line with Investor confidence,” said Georges Cohen, the Co-founder of Kinor Investment.

Wizz Air has been operating in Georgia since 2012. It expanded in 2016, after the establishment of the base in Kutaisi International Airport and has served over 2.5 million passengers in Georgia since its first flight.

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