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Pin to quick picksWizz Air Regulatory News (WIZZ)

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New Order for Airbus A321neo Family Aircraft

15 Nov 2021 07:00

RNS Number : 3061S
Wizz Air Holdings PLC
15 November 2021
 

WIZZ AIR ANNOUNCES NEW ORDER FOR UP TO 196 AIRBUS A321neo Family AIRCRAFT

 

Dubai Airshow deal underpins 'WIZZ 500' growth strategy and ambitious sustainability commitment

 

DUBAI, 14 November 2021: Wizz Air Holdings Plc ("Wizz Air" or "the Company"), Europe's fastest-growing airline, announced today that it has signed an agreement ("Agreement") with Airbus S.A.S. ("Airbus") for the purchase of a further 102 Airbus A321 aircraft, comprising 75 Airbus A321neo and 27 Airbus A321XLR aircraft, with the bulk to be delivered between 2025 and 2027. Under certain circumstances, Wizz Air may acquire a further 19 A321neo aircraft. Airbus has also granted Wizz Air 75 A321neo purchase rights for deliveries in 2028-29, to be converted into a firm order by the end of 2022.

 

As with previous orders, under the agreement Wizz Air has the right to substitute a number of the Airbus A321neo aircraft with the Airbus A320neo and/or A321XLR aircraft and vice versa, depending on its future requirements. Completion of the order remains subject to approval by Wizz Air shareholders.

 

With the new order, Wizz Air's delivery backlog comprises of a firm order for 34 A320neo, 254 A321neo and 47 A321XLR aircraft, plus the additional order for 19 A321neo and purchase rights for 75 A321neo, a total of 429 aircraft.

 

József Váradi, Wizz Air's chief executive officer said: 

 

"After two years in service, Wizz Air's Airbus A321neo continues to provide market leading aircraft technology and choice - there is simply no other aircraft that can compete with it. With its next-generation engines, it has proven to be the game-changer that we said it would be when we placed our first order back in 2015.

 

"But most importantly, these are by far the most fuel and cost efficient aircraft in their class - supporting us in maintaining our position as the most sustainable airline in Europe and reaching our sustainability goals of reducing CO2 emissions per passenger kilometre by 25% by 2030. It is important to note that if all European airlines switched to a modern Airbus A320/1 fleet like Wizz Air and operated them as efficiently as Wizz Air, the whole industry's CO2 emissions would reduce by 34% overnight.

 

"Wizz Air is an ambitious airline with a strategy that seeks to grow the company and will continue to stimulate demand for air travel in Europe and beyond by offering the lowest fares and CO2 footprint to our customers, while still delivering a great customer experience on-board one of the youngest fleets in Europe. Our current average aircraft age stands at 5.1 years, well below the industry average (around 10 years), but with this new order we will see this drop to 3.6 years by 2024, and even further to 3.2 years by 2026.

 

"Despite strong demand for the aircraft, we have signed very attractive terms with Airbus for the long-term supply of more aircraft until the end of the decade, catapulting Wizz Air towards our aim of being a 500 aircraft group and putting us in an unassailable position when it comes to sustainability." This new order, if approved by Wizz Air's shareholders, would bring Wizz Air's outstanding orders with Airbus to 429 Airbus A320neo Family aircraft."

 

-Ends-

 

Notes to Editor:

This announcement contains inside information. The person responsible for arranging the release of this announcement on behalf of Wizz Air is Owain Jones, Chief Supply Chain and Legal Officer.

 

About Wizz Air

Wizz Air, the fastest growing European low-cost airline, operates a fleet of 144 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 10.2 million passengers in the financial year F21 ending 31 March 2021. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ. The company was recently named one of the world's top ten safest airlines by airlineratings.com, the world's only safety and product rating agency, and 2020 Airline of the Year by ATW, the most coveted honour an airline or individual can receive, recognizing individuals and organizations that have distinguished themselves through outstanding performance, innovation, and superior service.

 

 

Investors:

Zlatko Custovic, Wizz Air: +36 1 777 9407

 

Media:

Christie Rawlings, Wizz Air: +36 70 685 1583 / +44 7811 155205

Natasha Seager Smith, Wizz Air: +36 70 199 1475

Edward Bridges, FTI Consulting LLP: +44 7768 216607

 

Follow us on Twitter: @wizzair

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Date   Source Headline
5th Mar 20209:00 amRNSDirector/PDMR Shareholding
4th Mar 20208:00 amRNSHolding(s) in Company
4th Mar 20208:00 amRNSDirector/PDMR Shareholding
4th Mar 20208:00 amRNSDirector/PDMR Shareholding
4th Mar 20207:00 amRNSTrading Update
4th Mar 20207:00 amRNSRemoval of Restricted Share Notices
3rd Mar 202010:03 amRNSTotal Voting Rights and Share Capital
3rd Mar 20207:00 amRNSFebruary 2020 Traffic and CO2 Emission Statistics
2nd Mar 20208:00 amRNSAgreement to establish Wizz Air Abu Dhabi
28th Feb 20208:00 amRNSAdmission of Ordinary Shares
17th Feb 20209:05 amRNSDirector/PDMR Shareholding
10th Feb 20202:33 pmRNSDirector/PDMR Shareholding
7th Feb 20208:28 amRNSHolding(s) in Company
6th Feb 20201:16 pmRNSShare Conversion Notice
5th Feb 20202:29 pmRNSHolding(s) in Company
4th Feb 20205:30 pmRNSWizz Air Holdings
4th Feb 20207:00 amRNSResult of placing in Wizz Air Holdings plc
4th Feb 20207:00 amRNSJANUARY 2020 TRAFFIC AND CO2 EMISSION STATISTICS
3rd Feb 20205:07 pmRNSUPDATE ON RESTRICTED SHARE NOTICE
3rd Feb 20204:51 pmRNSProposed Placing in Wizz Air Holdings Plc
31st Jan 202010:31 amRNSDirector/PDMR Shareholding
29th Jan 20207:00 amRNSRESULTS FOR THE THREE MONTHS TO 31 DECEMBER 2019
15th Jan 20204:15 pmRNSTotal Voting Rights and Share Capital
10th Jan 20203:10 pmRNSNotice of FY20 Third Quarter Results Date
6th Jan 20207:00 amRNSDecember 2019 Traffic and CO2 Emission Statistics
24th Dec 201910:50 amRNSDirector/PDMR Shareholding
23rd Dec 201910:48 amRNSDirector/PDMR Shareholding
20th Dec 20194:22 pmRNSDirector/PDMR Shareholding
19th Dec 20198:00 amRNSExpansion of Executive Management Team
18th Dec 20197:00 amRNSDirector/PDMR Shareholding
12th Dec 20199:00 amRNSProposed Establishment Of Wizz Air Abu Dhabi
3rd Dec 20197:00 amRNSNovember 2019 Traffic and CO2 Emission Statistics
13th Nov 20197:00 amRNSHalf-year Report
5th Nov 20197:00 amRNSOctober 2019 Traffic and CO2 Emission Statistics
1st Nov 20199:02 amRNSTotal Voting Rights and Share Capital
30th Oct 201910:29 amRNSResult of EGM
8th Oct 201910:54 amRNSNotice of FY20 Half Year Results Date
4th Oct 20191:57 pmRNSPosting Class 1 Circular/Notice of General Meeting
2nd Oct 20197:00 amRNSSeptember 2019 Traffic and CO2 Emission Statistics
17th Sep 20197:00 amRNSFuel Hedge Update
3rd Sep 20197:00 amRNSAugust 2019 Traffic and CO2 Emission Statistics
2nd Sep 20191:02 pmRNSDirector/PDMR Shareholding
2nd Aug 20197:00 amRNSJuly 2019 Traffic and CO2 Emission Statistics
29th Jul 201910:39 amRNSDirector/PDMR Shareholding
25th Jul 20197:00 amRNS1st Quarter Results
24th Jul 20194:03 pmRNSResult of AGM
23rd Jul 20197:00 amRNSTotal Voting Rights and Share Capital
2nd Jul 20197:00 amRNSJune 2019 Traffic and CO2 Emission Statistics
28th Jun 201911:51 amRNSNotice of FY2020 First Quarter Results Date
19th Jun 20199:15 amRNSOrder for 20 Airbus A321XLR Aircraft

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