Geneva, 25 April 2018: Wizz Air Holdings Plc (the "Company") the largest low-cost airline in Central and Eastern Europe, today notes that two leading credit rating agencies have initiated coverage on the Company:
Commenting on the development, Jozsef Varadi, Chief Executive Officer, said today:
"This is a historic milestone in the development of Wizz Air and these investment grade credit ratings confirm the strength of our business and our balance sheet. Investment grade credit ratings not only enable Wizz Air to access new sources of aircraft financing but also at even lower financing costs. Wizz Air has 256 Airbus A320 family NEO aircraft on order, the first of which is being delivered in January 2019, and these ultra-efficient, next-step technology aircraft will underpin our growth plans for the next decade as we continue with our mission to be the undisputed cost leader among European airlines."