Wizz Air Holdings PLC Order for 146 Airbus A320neo Family Aircraft (5440W)
November 15 2017 - 2:20AM
UK Regulatory
TIDMWIZZ
RNS Number : 5440W
Wizz Air Holdings PLC
15 November 2017
WIZZ AIR ANNOUNCES ORDER FOR 146 AIRBUS A320neo FAMILY
AIRCRAFT
Provides fleet renewal and expansion to capitalize on growth
opportunity and drive unit costs even lower
DUBAI, 15 November 2017: Wizz Air Holdings Plc ("Wizz Air" or
"the Company"), the largest low-cost airline in Central and Eastern
Europe, announced today that, following a competitive selection
process, it has signed a memorandum of understanding with Airbus
S.A.S. ("Airbus") relating to the purchase of a further 146 Airbus
A320neo family aircraft (72 A320neo and 74 A321neo). While
deliveries will start in 2022, the bulk of the aircraft will be
delivered in 2025 and 2026, following on from the delivery of the
110 Airbus A321neo aircraft ordered by Wizz Air in 2015. Under the
memorandum of understanding Wizz Air has the right to substitute a
number of the A320neo aircraft with the Airbus A321neo and vice
versa, depending on its future requirements.
At current list prices, these additional aircraft are worth in
excess of US$17.2 billion although discounts will be granted by
Airbus. Completion of the order remains subject to approval by Wizz
Air shareholders.
"Once again, Airbus has delivered the best overall mix of
aircraft, cost efficiency, support and price. We are convinced that
the Airbus A320neo and A321neo will be game-changer aircraft for
Wizz Air, as we continue to grow at an industry-leading rate and
expand our market reach across and beyond Europe," said József
Váradi, Wizz Air's chief executive officer. "The next-step
technology aircraft will enable us to continue to lower our
operating costs as we drive towards our goal of Wizz Air being the
lowest fare and lowest unit cost airline in Europe. Wizz Air will
continue to stimulate demand for air travel in CEE and beyond by
offering the lowest fares to our customers, while still delivering
a great customer experience on-board one of the youngest fleets in
Europe".
This new order, if approved by Wizz Air's shareholders, would
bring Wizz Air's outstanding orders with Airbus to 282 aircraft,
including also 8 Airbus A320ceo and 18 Airbus A321ceo aircraft,
deliveries of which will continue to early 2019, and 110 Airbus
A321neo aircraft, deliveries of which are planned to start in 2019
and continue through to the end of 2024.
- Ends -
About Wizz Air
Wizz Air is the largest low-cost airline in Central and Eastern
Europe, operates a fleet of 87 Airbus A320 and Airbus A321
aircraft, and offers more than 550 routes from 28 bases, connecting
144 destinations across 43 countries. At Wizz Air, a team of
approximately 3,500 aviation professionals delivers superior
service and very low ticket prices making Wizz Air the preferred
choice of 23.8 million passengers in the financial year ended 31
March 2017. Wizz Air is listed on the London Stock Exchange under
the ticker WIZZ and is included in the FTSE 250 and FTSE All-Share
Indices. Wizz Air is registered under the International Air
Transport Association (IATA), Operational Safety Audit (IOSA), the
global benchmark in airline safety recognition. The company was
recently named 2016 Value Airline of the Year by the editors of Air
Transport World, one of the leading airline trade magazines, as
well as 2016 Low Cost Airline of the Year by the Centre for
Aviation (CAPA), a leading provider of independent aviation market
intelligence.
For more information:
Investors: Balint Veres, Wizz Air: +36 1 777 9349
Media: Sorina Ratz, Wizz Air: +36 1 777 9376
Edward Bridges / Jonathan Neilan, +44 20 3727
FTI Consulting LLP: 1017
Follow us on Twitter: @wizzair
This information is provided by RNS
The company news service from the London Stock Exchange
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