Paris Air Show 2017: Wizz Air seeks European expansion with new Airbus A321ceo order

Paris Air Show 2017: Wizz Air seeks European expansion with new Airbus A321ceo order

Wizz Air has placed an order for an additional ten Airbus A321ceo aircraft, powered by IAE International Aero Engines AG’s V2500 engines.

The additional aircraft will join Wizz Air’s fleet in 2018 and 2019 and will support the carrier’s significant growth plans as its responds to strong and growing demand for air travel within central and Eastern Europe.

Based on current list prices, the value of the new order, placed with Airbus and IAE International Aero Engines AG, is some US$1.16billion, although Airbus has granted significant discounts from list prices to Wizz Air.

The company will retain flexibility in determining the most favourable method of financing the aircraft under the agreement.

Wizz Air has been operating the Airbus A321 since November 2015 and currently operates 19 of the 230-seat ultra-efficient aircraft type with another 22 A321
aircraft to join the airline’s fleet by 2019.

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Wizz Air is achieving ten per cent unit cost savings with the A321 when compared to the A320, allowing the airline to continue to grow its extensive network within Europe and beyond at the lowest cost and so to continue to bring the lowest prices to its customers.

As one of the fastest growing airlines in Europe with one of best profit margins, these additional aircraft, together with the 110 firm-order, new-technology A321neo aircraft already ordered for delivery from 2019 onwards, will see Wizz Air’s fleet more than double by 2024.

Speaking at a press conference at the Paris Air Show, Wizz Air chief executive, József Váradi commented: “We are delighted to add additional Airbus A321 aircraft to the Wizz Air fleet.

“Our already strong relationship with Airbus continues as we invest further in our growing fleet.

“Since its introduction at Wizz Air in November 2015, the Airbus A321ceo has delivered significant cost advantages and the re-designed interior has enhanced our great on-board service.”