Wizz Air exercises aircraft purchase options

RNS Number : 5701Z

Wizz Air Holdings PLC

15 September 2022

 

Wizz Air announces exercise of option to acquire 75 Airbus A321neo aircraft

Geneva, 15 September 2022: On 14 November 2021, Wizz Air Holdings Plc ("Wizz Air") Europe's fastest-growing and one of the most sustainable low-cost airlines, announced that it had signed an 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 was also entitled to acquire a further 19 A321neo aircraft. Airbus also granted Wizz Air purchase rights in relation to up to an additional 75 Airbus A321neo for deliveries in 2028-29 (the "Purchase Rights").

Wizz Air announces that on 14 September 2022 it has given notice to Airbus to exercise the Purchase Rights in relation to 75 Airbus A321neo aircraft (the "Purchase Option Aircraft"). Delivery dates of the Purchase Option Aircraft are subject to agreement between Wizz Air and Airbus and will be subject to the approval of Wizz Air shareholders as a Class 1 transaction under the Financial Conduct Authority's Listing Rules. 

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

"The combination of Wizz Air's ultra-low cost operation and the market-leading Airbus A321neo aircraft together create a strong platform for Wizz Air's future growth in the coming decade as we further strengthen our position as one of the world's most sustainable airlines. We remain on track to become a 500 aircraft airline group by the end of the decade while delivering our commitment to reduce our already industry-leading CO2 emissions by 25% by 2030." 

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ABOUT WIZZ AIR

Wizz Air, Europe's fastest growing and most sustainable ultra-low-cost airline, operates a fleet of 165 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 40 million passengers in the financial year F20 ending 31 March, 2020 and 27.1 million passengers in the financial year F22 ending 31 March 2022. 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. Wizz Air was also rated the most sustainable airline in Europe by Sustainalytics in January 2022 .

For more information:
Investors:	Zlatko Custovic, Wizz Air	[phone]
Media:	Zsuzsa Trubek, Wizz Air:	[phone]
	Edward Bridges / Jonathan Neilan, FTI Consulting LLP:	[phone]

 

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