Wizz Air has signed a deal with Airbus for 146 A320neo aircraft to continue the airline’s expansion plans over the next 10 years.
The Hungarian low-cost carrier’s new contract with Airbus is worth $17.2 billion at list prices, and follows a memorandum of understanding issued in November.
Under the terms of the deal, Wizz will receive 72 Airbus A320neos and 74 Airbus A321neos, which will be delivered between 2021 and 2026. These aircraft will be used to replace some of Wizz’s current fleet and for expansion.
Jozsef Varadi, Wizz Air’s CEO, said: “This further order of latest technology aircraft will help us to continue to drive our operating costs even lower as we aim to become the absolute cost leader in Europe, which in turn will enable us to continue to offer the lowest fares and so stimulate travel by air throughout Europe.
“It also provides significant flexibility to match our fleet to our growth requirements. The new aircraft will enable us to sustain our cost advantage through cabin innovations, the latest engine technology and other efficiency improvements, while enhancing our customer offering and experience.”
This new Airbus contract is in addition to an existing deal for 135 aircraft from the European manufacturer, which will be delivered to the airline over the next seven years.
Wizz is expanding its operations from Luton airport in 2018 following the purchase of slots from the administrators of Monarch Airlines, which went out of business in October.