15th Sep 2022 07:13
(Sharecast News) - Low-cost carrier Wizz Air has reached an agreement with Airbus to purchase a further 102 A321 aircraft, the bulk of which will be delivered between 2025 and 2027.
Wizz Air exercised its purchase rights in relation to 75 Airbus A321neo aircraft and 27 Airbus A321XLR aircraft, with delivery dates of the purchase option aircraft subject to its agreement with Airbus and the approval of shareholders.
Chief executive officer József Váradi 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."
Reporting by Iain Gilbert at Sharecast.com