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."