Wizz Air Holdings (LON:WIZZ)

Wizz Air Holdings (LON:WIZZ)


Share Price
3,626.00 p
Change
35 (0.97 %)
Market Cap
£3,720.92 m
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Wizz Air Holdings RNS Release

Order for 20 Airbus A321XLR Aircraft


RNS Number : 7394C
Wizz Air Holdings PLC
19 June 2019
 

Wizz Air Holdings Plc

 

WIZZ AIR ANNOUNCES ORDER FOR 20 AIRBUS A321XLR AIRCRAFT

 

 

Paris, 19 June 2019: Wizz Air Holdings Plc ("Wizz Air" or "the Company"), the largest low-cost airline in Central and Eastern Europe, announced today that, as part of the Indigo Partners deal, it has signed a memorandum of understanding with Airbus S.A.S. ("Airbus") relating to exercising a part of its existing options for the purchase of 20 Airbus A321XLR aircraft. The present order will be delivered over the course of three years starting in 2023. The A321XLR variant will be operated with 239 seats, the same as the A321neo to ensure full fleet commonality with Wizz Air's existing fleet. The XLR aircraft can also be utilized on Wizz Air's existing network with the same efficiency. Completion of the order remains subject to approval by Wizz Air shareholders, as appropriate.

 

"The A321XLR is the most cost efficient aircraft of its type and represents a significant opportunity for Wizz Air to further expand its network and connect points on the WIZZ map that are currently out of reach, given the enhanced range capability of the aircraft. Today, we are flying a number of 5-6 hour routes with great satisfaction to our customers, so the XLR will extend our outstanding value and service proposition on routes of 7-8 hours of flying." - said József Váradi, Wizz Air's Chief Executive Officer. "The inherent aircraft economics of the Airbus A321XLR will widen our competitive advantage for stimulating demand for air travel in Central and Eastern Europe and beyond while minimizing our environmental footprint. The A320neo family aircraft are game-changing aircraft that enhance Wizz Air's low fare model and undisputed cost leadership in Europe."

 

Today's announcement will bring Wizz Air's outstanding firm orders with Airbus to 276 aircraft for deliveries through 2026.

 

- Ends -

 

 

ABOUT WIZZ AIR

Wizz Air is the largest low-cost airline in Central and Eastern Europe, operates a fleet of 113 Airbus A320 and Airbus A321 aircraft, and offers more than 650 routes from 25 bases, connecting 146 destinations across 44 countries. At Wizz Air, a team of more than 4,500 aviation professionals delivers superior service and very low ticket prices making Wizz Air the preferred choice of over 34 million passengers in 2018. 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 recently received the highest 7-star safety rating by airlineratings.com, the world's only safety and product rating agency, and was recently named 2017 - European Airline of the Year by Aviation 100, a renowned annual publication that recognizes the year's most outstanding performers in the aerospace industry.

 

 

For more information:




Investors:

Evelin Horvath, Wizz Air

+41 22 555 9863




Media:

Tamara Vallois, Wizz Air:

+36 1 777 9324


Edward Bridges / Jonathan Neilan, FTI Consulting LLP:

+44 20 3727 1017




 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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