Abu Dhabi, Wizz Air to launch new low-cost carrier

Abu Dhabi, Wizz Air to launch new low-cost carrier

State-owned Abu Dhabi Developmental Holding Company and Budapest-based Wizz Air said they "concluded the definitive agreement" to set up the new airline.. The venture will compete with another joint venture between Abu Dhabi's giant Etihad Airways and Sharjah's low-cost Air Arabia, to be launched in the first half of this year.. Getting back to full annual capacity of seven million pairs of shoes could take several more weeks, company officials said.. China's economy remains rooted in manufacturing, much of that for export, and heavily reliant on countless laborers from the vast interior who had returned home in January for the most important Chinese holiday before the epidemic hit, killing more than 2,800 people and infecting around 80,000.. Officials in Wenzhou and other Chinese manufacturing regions have begun offering tax relief, lower-interest loans and are chartering buses and trains to retrieve workers from their homes in less-developed provinces.. With concern rising over the impact on global growth, the world is watching how quickly Chinese factories can be brought back online.. Tough restrictions on residents' movement were imposed in Wenzhou and other major Zhejiang cities, with fear of outsiders further complicating the return of laborers.. "Some of my supply-chain contractors are already