Member Info for G-BOAE

On June 9, Spirit Airlines disclosed that it had reached an agreement with Pratt & Whitney, specifically with International Aero Engines (IAE), its affiliate, which will result in the engine maker providing the low-cost carrier with a monthly credit through the end of 2025, subject to certain conditions.

This deal with Spirit could indicate what sort of deal Wizz could have got from Pratt & Whitney.

From CH-Aviation : The credits will be used to compensate Spirit Airlines for the groundings of its PW1100G-powered A320neo family aircraft. The airline estimated that, as a result of the agreement, its liquidity would improve by between $150 million and $195 million in 2025, which will be determined by the number of aircraft on ground (AOG) days accumulated throughout the year, beginning on January 1.

Extract from CH- Aviation News

Persisting GTF issues hit Wizz Air's bottomline

Wizz Air (W6, Budapest) Wizz Air (W6, Budapest) continues to face difficulties with Pratt & Whitney engine issues, with 37 aircraft powered by PW1000s grounded as of May 9. The company estimated in its annual report for the 2025 fiscal year (April 1, 2024, to March 31, 2025) that 34 jets will remain parked through the end of September 2025, as the maintenance shop-visit time is expected to be around 300 days per aircraft.

While conceding that the groundings were a headwind, Wizz Air's management remains optimistic about the fleet. CEO József Váradi said that the number of grounded aircraft would start declining in the 2026 fiscal year. The LCC announced it had reached a new commercial support agreement with Pratt & Whitney, securing a compensation package for calendar years 2025 and 2026

Abu Dhabi: UAE’s ultra-low-cost national carrier Wizz Air Abu Dhabi reported a record-breaking performance in 2024, carrying 3.5 million passengers and achieving a 20 per cent year-on-year growth in seat capacity and passenger numbers. The airline’s achievements align with Abu Dhabi’s Tourism Strategy 2031, the airline said in a statement.

Operating over 19,000 flights with a 99.8 percent completion rate, Wizz Air said it was able to unlock more than 4.4 million ultra-low-cost seats, contributing 25 per cent of Zayed International Airport’s point-to-point traffic.

Check out the article in Simple Flying. OCTOBER 04, 2023

Key Points:

Hungary's Wizz Air seeks growth opportunities in the Middle East and Central Asia, potentially leveraging support from Hungary's Orbán government.

In partnership with the Saudi government, Wizz Air explores service expansion as part of Saudi Arabia's Vision 2030 programme.

Robert Carey, Wizz Air's president, highlights the airline's successful route integrations and future expansion strategies in the region.

Roulette, Poker and Wizz..

Which bet will pay out more?

Casinos should introduce this as new game!

At this share price surely one of the big players will be tempted!

Airline consolidation is predicted by the avaiation industry.

IAG are nearing the takeover of Air Europa, Lufthansa Group has bought ITA.

WIZZ Air would fit well in BA’s stup as Euroflyer is not a strong player in the LCC market and if they don’t go for Wizz Ryanair, Discover or EasyJet could.

What do you think?

Typically in situations like this engine problem and with the Boeing Max problems the manufacturer pays compensation for affected airlines to charter in planes to fill the gap in the schedules caused by the engine/aircraft failure. Wizz have early warnings and have time to reorganize to solve the operational problems so profits should not be effected especially as demand outstrips supply in a booming travel market. IMO bong panic the airline is still growing.

This share is s**t. sell up and bankrupt the Shorter!.

One buyer bought 2 million share s late today. Check the trades tab and make your own mind up.

I don’t think this pessimistic view is warranted. Investment firm Indigo Partners own much of Wizz. It has

struck its biggest single deal with an order for 430 aircraft worth $49.5bn at list prices from US investment firm Indigo Partners.

Indigo, whose interests include Europe's Wizz Air, US-based Frontier, and Mexico's Volaris, will buy Airbus's A320neo family of aircraft.

Draw your own conclusions from thes unidentified trade.

06-Jul-23 16:53:30 2,615.274 1,005 Unknown* 2,624.00 2,632.00 26.28k O

06-Jul-23 16:53:30 2,637.968 310 Unknown* 2,624.00 2,632.00 8,178 O

06-Jul-23 16:52:50 2,674.799 79 Unknown* 2,624.00 2,632.00 2,113 O

06-Jul-23 16:52:01 2,678.218 793 Unknown* 2,624.00 2,632.00 21.24k O

06-Jul-23 16:51:58 2,620.272 1,551 Unknown* 2,624.00 2,632.00 40.64k O

06-Jul-23 16:48:51 2,645.067 1,336 Unknown* 2,624.00 2,632.00 35.34k O

06-Jul-23 16:43:11 2,659.6205 57,777 Unknown* 2,624.00 2,632.00 2m O

06-Jul-23 16:37:51 2,628.205 3,173 Unknown* 2,624.00 2,632.00 83.39k O

06-Jul-23 16:37:00 2,589.4454 36,929 Sell* 2,624.00 2,632.00 956.26k O

06-Jul-23 16:35:06 2,591.00 192,702 Buy* 2,624.00 2,632.00 5m UT

Has anyone checked the GREY UNKNOWN TRADES THIS EVENING.

Are they buys or sells?

share prices going up or down tomorrow?

After the market closes check the trades after a couple of hours at the end of the day and look out for the entries in grey that signify that a buy or sale cannot be definitely stated. Then check the individual trades. Every so often you will spot a number of huge trades of between £50k to £250k or even more. The next day the prices move hugely up or down. So if you can spot these massive buys or sells you will be well informed to make your own deals, DYOR

Please stop. I don’t have time to read non Wizz issues. Ta.

Brexit done, a trade Deal Done. Two vaccines being given, No real Brexit restrictions on airline travel. All looking good for Summer.
All airline Share Prices have started to rise and will rebound to their pre-COVID values.

Brexit done, a trade Deal Done. Two vaccines being given, No real Brexit restrictions on airline travel. All looking good for Summer.
All airline Share Prices have started to rise and will rebound to their pre-COVID values.

Brexit done, a trade Deal Done. Two vaccines being given, No real Brexit restrictions on airline travel. All looking good for Summer.
All airline Share Prices have started to rise and will rebound to their pre-COVID values.

No Opinion
Brexit done, a trade Deal Done. Two vaccines being given, No real Brexit restrictions on airline travel. All looking good for Summer.
All airline Share Prices have started to rise and will rebound to their pre-COVID values.

With SAA cutting back on routes and possibly going bust there must be an Opportunity for Fed Air / Fastjet if there is a will to make a go of getting this mess we have got into sorted.