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Enterprises

Budapest Air

Route Network

short-haul | medium-haul | long-haul

Fleet
Aircraft Type owned leased overall leased out on order Ø age
Airbus A220-300 0 45 45 0 0 0.3 yrs
Airbus A320neo light 0 16 16 0 0 0.3 yrs
Airbus A350-900 0 12 12 0 0 0.1 yrs
overall 0 73 73 0 0 0.2 yrs
Subsidiaries and Investments

This list contains all subsidiaries controlled by this company as well as all shares in other enterprises greater than 30%.

Enterprise Headquarters Country Rating Share Symbol
This company currently does not hold any shares in other enterprises.
Information

FOR IMMEDIATE RELEASE

Budapest Air Revolutionizes Business Travel with Unveiling of Exclusive Business Club Membership

Budapest, Hungary – [11/01/24] – Budapest Air, a leader in the aviation industry, proudly announces the launch of its groundbreaking Budapest Air Business Club, heralding a new era in elite business travel.

Elevated Travel Experience for All: A Bold Vision
Embracing an innovative approach to redefine business travel, Budapest Air introduces the Budapest Air Business Club, offering a level of exclusivity and unparalleled benefits that revolutionize the travel experience for business travelers.

Key Features of the Business Club:

All-Inclusive Membership: Our Club offers a comprehensive membership with access to an array of privileges, including preferred check-in, exclusive lounge access, specially curated rates, and bonus points for every journey.
Strategic Partnerships: Partnering with renowned entities like Co-Working Spaces, Hotels, and Internet Providers, we are crafting tailored offers for our business customers, ensuring a seamless travel experience.
Cutting-Edge Technology: An innovative mobile app will serve as a one-stop solution for all customer needs, allowing easy booking of services like taxis, hotels, mobile plans, and more.
Pricing and Differentiation:
Reflecting our commitment to providing exceptional value, the annual membership fee for the Budapest Air Business Club will range between €500 and €1000, offering a compelling suite of benefits and exclusive access to unique services.

Innovative Lounge Model and Enhanced Services:
Breaking industry norms, our Business Club extends lounge access to Economy passengers, introducing mini-hubs and a spacious Co-Working Space. Club members will enjoy exclusive Wi-Fi access and full utilization of office services.

Kritt Wang, CEO of Budapest Air, on the Launch:
"We are thrilled to unveil the Budapest Air Business Club, designed to elevate business travel to new heights. Our commitment to customer-centric solutions and partnerships stands at the core of this initiative."

Membership Enrollment and App Availability:
Enrollment for the Budapest Air Business Club is now open, offering a limited number of memberships to ensure an exclusive and personalized experience for each member. The Budapest Air mobile app will soon be available for download to enhance the convenience of our services.

FOR IMMEDIATE RELEASE

Budapest Air Awaits Financial Reports Amid Unique Employee Welfare Initiatives and Innovative Business Strategy

Budapest, Hungary – [10/01/24] – As the aviation industry eagerly awaits Budapest Air's financial figures, the company stands out not only for its financial performance but also for its pioneering employee welfare programs and forward-thinking business strategies.

Anticipation Surrounds Financial Reports
The imminent release of Budapest Air's financial report has sparked considerable interest in the aviation sector. Industry observers await these figures with heightened curiosity, given the airline's innovative approaches to employee welfare and business investments.

Revolutionary Employee Engagement Initiatives
In a groundbreaking move demonstrating the company's commitment to its employees, CEO Kritt Wang orchestrated a remarkable two-week team retreat for the entire workforce and their families. This retreat, accompanied by a €5000 bonus per employee, serves as a testament to the airline's dedication to fostering a positive work culture.

Employee Fund to Redefine Ownership and Innovation
Adding to its innovative strategies, Budapest Air announces the establishment of an Employee Fund. This fund, holding 10% ownership in the company, will invest its financial surplus not only within the industry but also in visionary projects in the employees' name. Each employee will hold equal stakes in the fund, retaining these lifelong even after leaving the company.

Economic Perspective and Future Investments
From an economic standpoint, while such investments might initially affect short-term financial statements, they serve as catalysts for long-term growth and sustainability. The Employee Fund's formation marks a paradigm shift, aligning employees' interests with the company's success and fostering a collaborative and invested workforce.

Pioneering Path in the Aviation Sector
Budapest Air's strategic decisions exemplify its commitment not only to profitability but also to social responsibility and employee empowerment. The initiatives are poised to redefine workplace dynamics and inspire industry-wide changes in how businesses perceive and engage with their workforce.

Budapest Air continues to uphold its position as a progressive and visionary force in the aviation industry, proving that investing in employees is an investment in a brighter future for all stakeholders.

FOR IMMEDIATE RELEASE

Budapest Air Launches Pioneering Long-Distance Route to Mumbai with Award-Winning Business Class

Budapest, Hungary – [Today’s Date] – In a remarkable leap forward, Budapest Air, Hungary's fastest-growing airline, proudly announces the inauguration of its first long-distance flight to Mumbai, India. This significant development, achieved earlier than expected, is complemented by the airline's recent accolade of "Best Business Class 2023", reflecting its commitment to excellence in air travel.

Excellence in the Skies: Best Business Class 2023
Budapest Air's dedication to providing a superior flight experience has been recognized globally with the prestigious award for the Best Business Class 2023. "This honor is a testament to our unwavering commitment to exceptional service, luxury, and comfort for our business travelers," says Kritt Wang, CEO of Budapest Air.

A Milestone Reached Ahead of Schedule: Symbolizing Phenomenal Growth
Launching the Mumbai route ahead of schedule underlines Budapest Air's impressive growth trajectory and ambitious future plans. "Our rapid expansion, marked by this new long-haul destination, sets a new standard in the aviation industry," adds Wang.

Mumbai: A Strategic and Cultural Bridge
The choice of Mumbai as the first long-haul destination highlights its importance as a key business and cultural hub. "By connecting Budapest with Mumbai, we are not only offering a new travel route but also fostering cultural and economic exchange," Wang explains. The new route promises to enhance tourism and business travel, strengthening the bond between Hungary and India.

Satisfaction Soaring among Staff and Passengers
The airline's success is mirrored in the high satisfaction levels reported by both its staff and passengers. The positive work environment and the airline's commitment to employee welfare have translated into exceptional service, resonating with passengers who consistently praise their travel experience with Budapest Air.

More Than Just a Journey: An Experience to Cherish
The new Mumbai route offers a blend of comfort and culture, catering to both leisure and business travelers. With a focus on enriching the travel experience, Budapest Air invites passengers to immerse themselves in diverse cultures and landscapes, making each journey memorable.

Sustainable and Responsible Growth
In line with its sustainability goals, Budapest Air ensures that the new long-haul service is operated with fuel-efficient aircraft, emphasizing the airline's commitment to responsible and eco-friendly travel.

As Budapest Air spreads its wings with the Mumbai route, it continues to redefine air travel, prioritizing excellence, customer satisfaction, and sustainable practices.

For more information, please contact:

FOR IMMEDIATE RELEASE

Budapest Air Soars High with Exceptional Growth and Strategic Partnerships

Budapest, Hungary – 08/12/23 – Budapest Air, Hungary’s most dynamic and rapidly growing airline, has announced an extraordinary successful start to its operations. In just a few months since its launch, the airline has expanded to over 300 flights per week, with an impressive weekly growth rate of 20%.

The airline’s services have received outstanding reviews from passengers, with flights operating at near-full capacity. This passenger satisfaction is a testament to Budapest Air’s commitment to providing a premium travel experience.

A strategic interlining agreement with FENNEN has been a boon for the entire country. "Our coordinated route network with FENNEN has significantly increased connection options for passengers, transforming the airport into an international hub, particularly for business travel," said Kritt Wang, CEO of Budapest Air.

The airline's first medium-haul flights to Africa and the Middle East have been met with high acclaim and success. “Yet, it's within this year that we will establish our first long-haul routes. Our dedication will cement the airport’s status as an international hub in Europe, especially catering to the business sector,” stated CEO Wang.

CEO Wang also expressed particular pride in the company's employee culture. "We pride ourselves on providing salaries that are on average more than 20% above the market rate, along with modern, flexible workspaces and regular team events that everyone looks forward to," Wang said, concluding the press conference.

Industry analysts suggest that Budapest Air may even accelerate its aggressive and rapid expansion. The airline's strong focus on business travel yields high margins, creating significant capital for investment in new aircraft. "As the airline exclusively leases its aircraft, it incurs relatively low initial costs for brand-new planes, which are a big hit with passengers," remarked Joe Do, an analyst from Airlines Times.

About Budapest Air:
Budapest Air is Hungary's leading airline, renowned for its exceptional customer service and modern fleet. With a focus on innovation and quality, Budapest Air is dedicated to providing an unparalleled flying experience for all its passengers.

For further information, please contact us per PM.

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INFORMATION FOR PASSENGERS

Welcome aboard Budapest Air – Hungary's premier airline and the nation's largest carrier. At Budapest Air, we pride ourselves on operating a young, modern fleet, ensuring that our passengers travel in the utmost comfort. Whether you're flying Economy or our exclusive Business Class, expect an unparalleled journey with us. Our extensive network connects Hungary with Europe's bustling cities and Asia's exotic destinations, enabling our valued passengers to explore the world with ease. Our focus remains unwavering: to deliver outstanding on-board service that goes beyond the skies. Fly Budapest Air and experience the heart of Hungarian hospitality.

INFORMATION FOR POTENTIAL INTERLINING PARTNER

Dear Sir or Madame,

Greetings from Budapest Air, Hungary's premier and largest airline.

If you like to reaching out to explore potential opportunities for interlining between our two esteemed airlines, please read this information carefully.

Operating a young, modern fleet, Budapest Air has been the choice of travelers seeking an unparalleled journey, whether they are flying Economy or our exclusive Business Class. Our extensive route network connects Hungary to major cities across Europe and sought-after destinations in Asia.

Central to our operation is an unwavering commitment to deliver outstanding on-board service that truly represents the heart of Hungarian hospitality. By establishing an interlining agreement, we believe that both our airlines can offer passengers increased connectivity, better flight options, and an enhanced travel experience.

We are keen to discuss how an interlining partnership can be mutually beneficial and would be grateful for the opportunity to discuss this further with your team.

Looking forward to a fruitful partnership and awaiting your interlining offer for further discussions.

Update: Our next destinations are Athen, Kiev, Wien.

Warm regards,

Kritt Wang
CEO & Founder
Budapest Air

General Information
Name Budapest Air
Code BUD
Alliance Northstar Alliance
Stock symbol not listed
Headquarters Budapest (BUD)
Country Hungary
Parent company Enterprise is a holding
Managing director krittwang
Founded 2023-10-04
Rating AAA
General statistics
Transported passengers 3,443,177
Transported cargo 683,160 CU
Stations 135
Fleet size 73
Staff 4,566
News
2024-04-03
23:54
Budapest Air has opened a new station at Guiyang.
2024-04-03
23:53
Budapest Air has opened a new station at Urumqi.
2024-03-30
09:47
Budapest Air and LISFly have signed a new interlining agreement.
2024-03-21
10:48
Budapest Air has opened a new station at Memmingen.
2024-03-21
10:48
Budapest Air has opened a new station at Dortmund.
2024-03-21
10:47
Budapest Air has opened a new station at Bremen.
2024-03-21
10:46
Budapest Air has opened a new station at Palermo.
2024-03-21
10:46
Budapest Air has opened a new station at Olbia.
2024-03-21
10:45
Budapest Air has opened a new station at Florence.
2024-03-21
10:45
Budapest Air have shut down their station at Brindisi.
2024-03-21
10:45
Budapest Air has opened a new station at Brindisi.
2024-03-21
10:43
Budapest Air has opened a new station at Santiago de Compostela.
2024-03-21
10:43
Budapest Air has opened a new station at Murcia.
2024-03-21
10:43
Budapest Air has opened a new station at Granada.
2024-03-21
10:43
Budapest Air has opened a new station at Girona.
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