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US approves Wizz Air's application to fly between the UK and US

The U.S. The 'U.S. Transportation Department granted tentative approval on Thursday for Wizz Air, a budget airline that operates flights between the UK and 'U.S.

The UK subsidiary of Wizz Holdings applied for a foreign carrier permit in January to begin operating flights between the UK and the US "as quickly as possible." USDOT announced that it had tentatively approved the application but would give opponents 21 days to submit objections, which it will then consider before making a decision.

Wizz Air UK has requested permission to launch passenger services under the 2020 Air Transport Agreement, also known as the Open Sky?Agreement. The final authorization will last for two years after the date of approval.

The carrier is making a second attempt to enter the U.S. market. In 2022, its Hungary operations will apply for a foreign carrier permit in order to fly all-cargo to the U.S.

Wizz's low cost?model will benefit as global tourism spending increases, and Europeans are increasingly interested in U.S. destinations such as Nashville and Boise.

Travel to the traditional tourist hotspots has slowed in recent years due to the Trump administration's immigration crackdowns, rising trade tensions and other factors.

The upcoming World Cup of soccer is also expected to increase travel to the U.S.

Wizz Air CEO Jozsef Varradi said this week that the airline is expecting to limit the financial impact of the conflict in Iran to the fiscal year ending this month.

After a profit warning, the shares of this budget airline were slammed. (Reporting and editing by David Shepardson)

(source: Reuters)