Wizz Air has signed a Memorandum of Understanding for 50 Airbus A320s. The deal was described by the airline’s CEO József Váradi as “another landmark in our development”.
The order is a brand new deal, which Airbus COO–customers, John Leahy, expects to be a firm contract shortly. “It was about 3-4 hours short of completion,” he remarked.
The aircraft from this agreement will be delivered between 2014 and 2016 and take the total aircraft ordered by the airline to 132. The airline still has 25 purchase rights which expire in 2016.
“This proves we are confident in the nature of our business,” Váradi proclaimed. “Even under difficult conditions that development can be continued.”
Váradi acknowledged that financing of the aircraft is tough, “but the market is cyclical”. Regarding the airline’s current orders, Váradi commented, “We have the next five or six aircraft fully financed and we’re looking into [obtaining the funds for] the second half of 2010.”
No decision has been made on engines for the latest order, however the airline chose IAE V2500s in July 2008 for its previous order for 50 A320s.
Bernie Baldwin, editor, Low-Fare & Regional Airlines/LARAnews.net
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