Wizz Air Holdings (AIM:WIZZ) PLC has agreed that it could buy up to 196 new Airbus aircraft to be delivered between 2025 and 2029.
“We have signed very attractive terms with Airbus for the long-term supply of more aircrafts until the end of the decade, catapulting Wizz Air towards our aim of being a 500 aircraft group,” said Wizz chief executive Jozsef Varadi.
The company has ordered 102 fuel-efficient Airbus A321 airplanes, subject to Wizz shareholder’s approval, made up of 75 Airbus A321neo and 27 Airbus A321XLR.
The vast majority of this order will be distributed between 2025 and 2027, according to the company.
The Hungarian airline may add another 94 A321neo aircraft – or another model depending on its needs – for delivery in 2028 and 2029 if it confirms an official order by the end of 2022.
With these new orders and potential orders, Wizz’s current delivery backlog is for 429 planes.
Varadi emphasised “these are by far the most fuel and cost-efficient aircraft in their class – supporting us in maintaining our position as the most sustainable airline in Europe and reaching our sustainability goals.
“It is important to note that if all European airlines switched to a modern Airbus A320/1 fleet like Wizz Air and operated them as efficiently as Wizz Air, the whole industry’s CO2 emissions would reduce by 34% overnight,” added Varadi.