Wizz Air Abu Dhabi is adding capacity after the UAE capital eased travel restrictions. Courtesy Wizz Air
Wizz Air Abu Dhabi is adding capacity after the UAE capital eased travel restrictions. Courtesy Wizz Air
Wizz Air Abu Dhabi is adding capacity after the UAE capital eased travel restrictions. Courtesy Wizz Air
Wizz Air Abu Dhabi is adding capacity after the UAE capital eased travel restrictions. Courtesy Wizz Air

Wizz Air Abu Dhabi to double capacity and hire staff as travel restrictions lift


Deena Kamel
  • English
  • Arabic

Wizz Air Abu Dhabi expects to double its capacity to four aircraft, up from the two jets it currently operates, after the UAE capital eased travel restrictions.

The airline is recruiting 100 workers in anticipation of an expected rebound in passenger traffic.

Wizz Air Abu Dhabi will introduce its third Airbus A321 Neo jet into service by the middle of December and its fourth aircraft in the first week of February to help increase flight frequencies on existing routes and open up new ones, managing director Kees Van Schaick told The National.

“The removal of the restrictions made us decide to double the capacity to four aircraft and we are recruiting additional crew,” he said.

“It made us comfortable that now is the time to further ramp up. Hopefully, we see no more further deterioration but an improvement of the overall situation … we are enjoying a very good outlook in terms of restoring air traffic and seeing passenger numbers rise.”

The budget airline, a joint venture between Abu Dhabi holding company ADQ and Hungary-based Wizz Air, began operations in January 2021.

It is working on regulatory approvals to start flights to the Indian subcontinent, creating a massive opportunity for point-to-point services in one of the world's fastest-growing aviation markets, Mr Van Schaick said.

It will also begin flying to the Russian capital of Moscow and Almaty in Kazakhstan next month, increase the number of flights to Oman's capital of Muscat and resume flights to Tel Aviv.

“That is all made possible by bringing in additional aircraft capacity,” he said.

As with many of its global peers, Wizz Air Abu Dhabi had to put some of its cabin crew on unpaid leave at the height of the Covid-19 pandemic. However, it has recalled the staff and is looking to hire more employees.

Another 100 people will be added to the airline, so there will be around 220 people by December in total
Kees Van Schaick,
managing director of Wizz Air Abu Dhabi

“All our crew members are not more than fully utilised, very busy in making the commercial schedule work, and now we are recruiting for aircraft three and four,” Mr Van Schaick said.

“Another 100 people will be added to the airline, so there will be around 220 people by December in total.”

Mr Van Schaick said he is optimistic about travel bookings for the winter season, with December shaping up to be a “strong” month.

“Expo 2020 [Dubai] has been a true magnet for additional traffic, which we perhaps would not have seen otherwise,” he said. “The visiting family and friends traffic is very important as well, we see it on certain routes of our network.”

During its launch at the start of 2021, Wizz Air Abu Dhabi announced plans to grow its fleet to six aircraft within 12 months. However, it later revised the plans to four jets due to the pandemic.

“We have slightly reduced our growth ambitions a little bit because the crisis was simply too deep, much deeper than [was] expected [at the time], and it took longer to recover,” he said.

“But having four aircraft by the end of the year is very promising and it really shows that things are changing for the better.”

Wizz air destinations - in pictures

  • Wizz Air flies to a host of Eastern European destinations, including Katowice, Budapest, Bucharest (pictured), Clus-Napoca and Sofia direct from Abu Dhabi
    Wizz Air flies to a host of Eastern European destinations, including Katowice, Budapest, Bucharest (pictured), Clus-Napoca and Sofia direct from Abu Dhabi
  • Whether you base yourself in Buda or Pest, the Hungarian capital offers nature-filled activities, cycles along the Danube and the chance to dip in ancient thermal baths. Courtesy Pixlr
    Whether you base yourself in Buda or Pest, the Hungarian capital offers nature-filled activities, cycles along the Danube and the chance to dip in ancient thermal baths. Courtesy Pixlr
  • Romania's Cluj-Napoca is known for its boho cafes and summertime festivals. Courtesy Vlad Alexandru Popa
    Romania's Cluj-Napoca is known for its boho cafes and summertime festivals. Courtesy Vlad Alexandru Popa
  • Sofia offers open-air markets, ancient ruins, golden-dome topped churches and Ottoman mosques coupled with a surprisingly laid-back vibe for a capital city. Courtesy Sofia Hotel Balkan, a Luxury Collection Hotel / Marriott
    Sofia offers open-air markets, ancient ruins, golden-dome topped churches and Ottoman mosques coupled with a surprisingly laid-back vibe for a capital city. Courtesy Sofia Hotel Balkan, a Luxury Collection Hotel / Marriott
  • Katowice has an industrial past combined with a thriving arts scene and buzzing foodie culture. Courtesy Silesian Tourist Information System
    Katowice has an industrial past combined with a thriving arts scene and buzzing foodie culture. Courtesy Silesian Tourist Information System

The UAE's management of the pandemic is “exemplary” and Wizz Air Abu Dhabi expects a “stable” and “improving” marketplace at its base in the capital, compared with Europe, he said.

The budget airline expects to turn a profit within the next two years.

“We are already ensuring that we are adding cash and profit is a matter of time. We have an ambitious growth agenda and we are building up our markets, our brand awareness in the market and that comes with investments,” he said.

“In a short [period of] time, we will truly have net profit … I would say it is a matter of one to two years.”

The airline still stands by plans to grow its fleet to 25 aircraft in the next five years.

Indigo Partners, the owner of Europe’s Wizz Air group, placed an order for 255 additional A321 Neo aircraft valued at $33 billion at list prices during the Dubai Airshow last week. Hungary's Wizz Air will receive 102 aircraft, comprising 75 A321 Neos and 27 A321 XLRs.

Wizz Air Abu Dhabi will tap into the new order when deliveries begin in 2025 onwards and into an existing order by Wizz Air once deliveries start in 2023, Mr Van Schaick said.

It will use the XLR narrow-body aircraft to unlock routes within seven hours' flying distance from the UAE capital, Mr Van Schaick said.

“These long-range aircraft will make it possible for Wizz Air Abu Dhabi to fly not five hours from our base but seven hours. That means two hours more of flying time and destination markets will be opened up,” he said.

“We will be serving some white spots in western Europe, markets which are not directly flown by us yet.”

COMPANY PROFILE

Name: Cofe

Year started: 2018

Based: UAE

Employees: 80-100

Amount raised: $13m

Investors: KISP ventures, Cedar Mundi, Towell Holding International, Takamul Capital, Dividend Gate Capital, Nizar AlNusif Sons Holding, Arab Investment Company and Al Imtiaz Investment Group 

Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag
Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

FIXTURES

All games 6pm UAE on Sunday: 
Arsenal v Watford
Burnley v Brighton
Chelsea v Wolves
Crystal Palace v Tottenham
Everton v Bournemouth
Leicester v Man United
Man City v Norwich
Newcastle v Liverpool
Southampton v Sheffield United
West Ham v Aston Villa

RACE CARD

5pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Turf) 2,200m
5.30pm: Khor Al Baghal – Conditions (PA) Dh80,000 (T) 1,600m
6pm: Khor Faridah – Handicap (PA) Dh80,000 (T) 1,600m
6.30pm: Abu Dhabi Fillies Classic – Prestige (PA) Dh110,000 (T) 1,400m
7pm: Abu Dhabi Colts Classic – Prestige (PA) Dh110,000 (T) 1,400m
7.30pm: Khor Laffam – Handicap (TB) Dh80,000 (T) 2,200m

The years Ramadan fell in May

1987

1954

1921

1888

Results

5pm: Reem Island – Conditions (PA) Dh80,000 (Turf) 1,600m; Winner: Farasah, Antonio Fresu (jockey), Musabah Al Muhairi

5.30pm: Sir Baniyas Island – Maiden (PA) Dh80,000 (T) 1,400m; Winner: SSR Ghazwan, Antonio Fresu, Ibrahim Al Hadhrami

6pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 1,400m; Winner: Astral Del Sol, Sean Kirrane, Ibrahim Al Hadhrami

6.30pm: Al Maryah Island – Maiden (PA) Dh80,000 (T) 2,200m; Winner: Toumadher, Dane O’Neill, Jaber Bittar

7pm: Yas Island – Handicap (PA) Dh80,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel

7.30pm: Saadiyat Island – Handicap (TB) Dh80,000 (T) 2,400m; Winner: Celestial Spheres, Gary Sanchez, Ismail Mohammed

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

How to help

Call the hotline on 0502955999 or send "thenational" to the following numbers:

2289 - Dh10

2252 - Dh50

6025 - Dh20

6027 - Dh100

6026 - Dh200

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

%E2%80%98FSO%20Safer%E2%80%99%20-%20a%20ticking%20bomb
%3Cp%3EThe%20%3Cem%3ESafer%3C%2Fem%3E%20has%20been%20moored%20off%20the%20Yemeni%20coast%20of%20Ras%20Issa%20since%201988.%3Cbr%3EThe%20Houthis%20have%20been%20blockading%20UN%20efforts%20to%20inspect%20and%20maintain%20the%20vessel%20since%202015%2C%20when%20the%20war%20between%20the%20group%20and%20the%20Yemen%20government%2C%20backed%20by%20the%20Saudi-led%20coalition%20began.%3Cbr%3ESince%20then%2C%20a%20handful%20of%20people%20acting%20as%20a%20%3Ca%20href%3D%22https%3A%2F%2Fwww.google.ae%2Furl%3Fsa%3Dt%26rct%3Dj%26q%3D%26esrc%3Ds%26source%3Dweb%26cd%3D%26ved%3D2ahUKEwiw2OfUuKr4AhVBuKQKHTTzB7cQFnoECB4QAQ%26url%3Dhttps%253A%252F%252Fwww.thenationalnews.com%252Fworld%252Fmena%252Fyemen-s-floating-bomb-tanker-millions-kept-safe-by-skeleton-crew-1.1104713%26usg%3DAOvVaw0t9FPiRsx7zK7aEYgc65Ad%22%20target%3D%22_self%22%3Eskeleton%20crew%3C%2Fa%3E%2C%20have%20performed%20rudimentary%20maintenance%20work%20to%20keep%20the%20%3Cem%3ESafer%3C%2Fem%3E%20intact.%3Cbr%3EThe%20%3Cem%3ESafer%3C%2Fem%3E%20is%20connected%20to%20a%20pipeline%20from%20the%20oil-rich%20city%20of%20Marib%2C%20and%20was%20once%20a%20hub%20for%20the%20storage%20and%20export%20of%20crude%20oil.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EThe%20%3Cem%3ESafer%3C%2Fem%3E%E2%80%99s%20environmental%20and%20humanitarian%20impact%20may%20extend%20well%20beyond%20Yemen%2C%20experts%20believe%2C%20into%20the%20surrounding%20waters%20of%20Saudi%20Arabia%2C%20Djibouti%20and%20Eritrea%2C%20impacting%20marine-life%20and%20vital%20infrastructure%20like%20desalination%20plans%20and%20fishing%20ports.%C2%A0%3C%2Fp%3E%0A
The bio

Who inspires you?

I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women’s rights activist

How do you relax?

Yoga relaxes me and helps me relieve tension, especially now when we’re practically chained to laptops and desks. I enjoy learning more about music and the history of famous music bands and genres.

What is favourite book?

The Perks of Being a Wallflower - I think I've read it more than 7 times

What is your favourite Arabic film?

Hala2 Lawen (Translation: Where Do We Go Now?) by Nadine Labaki

What is favourite English film?

Mamma Mia

Best piece of advice to someone looking for a career at Google?

If you’re interested in a career at Google, deep dive into the different career paths and pinpoint the space you want to join. When you know your space, you’re likely to identify the skills you need to develop.  

 

Updated: November 23, 2021, 5:49 AM