Fast-growing LCC to spend $17 billion on 146 aircraft
The fast-growing low-cost carrier Wizz Air has agreed a $17 billion deal with Airbus to buy 146 A320neo-class aircraft.
Under the agreement, which was confirmed at the Dubai Airshow, the airline will take delivery of 72 A320neo and 74 A321neo planes, TTG Media reports. The first of these new fuel-efficient aircraft will join the fleet in 2022, with the bulk arriving in 2025 and 2026.
Wizz Air, which flies to more than 140 destinations mainly from bases in central and eastern Europe and has its headquarters in Budapest, said it agreed the purchase after a competitive selection process. However, it has previously done business with Airbus, ordering 110 A321neo aircraft in 2015.
Under the terms of the deal, Wizz Air can raise and lower its requirement for each aircraft type depending on future needs.
“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.”
The order will bring Wizz Air’s outstanding orders with Airbus to 282 aircraft. The deal is part of a $49.5 billion purchase of 430 planes by private equity firm Indigo Partners, which holds a stake in Wizz as well as Frontier Airlines, JetSMART and Volaris.