Wizz Air inks deal with Airbus for new aircraft
The agreement will enable Wizz Air to renew its existing fleet, provide additional capacity for further growth and offer lower fares.
Budget carrier Wizz Air has signed a deal with Airbus for 146 new aircraft that are valued in excess of 17.2 billion US dollars (£13 billion).
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The agreement will enable Wizz Air to renew its existing fleet, provide additional capacity for further growth and offer lower fares, the company said.
The 72 A320neos and 74 A321neos have been purchased at a “significant discount” from the list price and Wizz Air will “retain flexibility in determining the most favourable method of financing” the fleet.
They will be delivered between 2021 and 2026.
Wizz Air boss Jozsef Varadi said: “This further order of latest-technology aircraft will help us to continue to drive our operating costs even lower as we aim to become the absolute cost leader in Europe, which in turn will enable us to continue to offer the lowest fares and so stimulate travel by air throughout Europe while our customers enjoy great service on board one of the youngest fleets in Europe.”
Wizz Air recently said it would bolster its operations at Luton Airport by adding four new aircraft, bringing new routes and creating 150 jobs.
In November the FTSE 250 firm posted a 25% rise in net profits to 288.6 million euro (£255.7 million) for the six months ending in September.
Wizz Air also hiked its annual profit outlook to between 265 million euros (£234.3 million) and 280 million euros (£247.6 million).