GTF ENGINE REMOVAL PROJECTIONS REMAIN UNCHANGED

Wizz Air Holdings PLC

15 December 2023

 

WIZZ AIR CONFIRMS GTF ENGINE REMOVAL PROJECTIONS REMAIN UNCHANGED

Ticker:  WIZZ

Geneva, 15 December 2023: Wizz Air Holdings Plc ("Wizz Air") provides an update in response to a United States Federal Aviation Administration ("FAA") Notice of Proposed Rulemaking ("NPRM") released on December 11, 2023 for an Airworthiness Directive ("AD") related to certain International Aero Engines, LLC ("IAE") Model PW1100G series engines (link: Federal Register: Airworthiness Directives; International Aero Engines, LLC Engines).

The NPRM is consistent with guidance previously received from IAE and therefore, Wizz Air makes no change to its existing capacity assumptions. We reconfirm +20% ASK capacity guidance YoY for H2 F24. Further to the AD Wizz reconfirms that a) there is no increase in the estimated number of grounded Wizz aircraft in F24, b) no change to Wizz's flat YoY ASK capacity estimate in F25, and c) no change to the January 2024 timing for Wizz's grounding program. The inspections and spare part replacements referenced in the NPRM were accounted for in Wizz Air's original planning estimates. Wizz Air will follow the recommendations of the November 3, 2023 service bulletin alert issued by IAE.

ABOUT WIZZ AIR

Wizz Air, the fastest growing European ultra-low-cost airline, operates a fleet of 194 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 51.1 million passengers in the Financial Year F23 ending 31 March 2023. 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 named Airline of the Year by Air Transport Awards in 2019 and in 2023. Wizz Air has also been recognised as the "Most Sustainable Low-Cost Airline" within the World Finance Sustainability Awards in 2021-2023 and the "Global Environmental Sustainability Airline Group of the Year" by the CAPA-Centre for Aviation Awards for Excellence 2022-2023.

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For more information:
Investors:	Zlatko Custovic, Wizz Air	[phone]
Media:	Tamara Vallois, Wizz Air James McFarlane / Eleni Menikou ​/ Charles Hirst, MHP Group:	[phone] [phone]

 

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