Pictured (l-r) Zlatko Custovic, Fleet Director, Wizz Air, Andras Sebok, Head of Corporate Finance and Fleet Acquisition, Wizz Air, Denis Hogan, SVP & Regional Manager Airline Marketing, SMBC Aviation Capital, Iain Wetherall, Chief Financial Officer, Wizz Air and Jamie Cahillane, SVP Airline Marketing, SMBC Aviation Capital.
-Five aircraft deal with Wizz Air-
Dublin, January 25th 2018: SMBC Aviation Capital, the leading aircraft leasing company has today announced a five aircraft deal with Wizz Air, the largest low-cost airline in Central and Eastern Europe. The transaction involves the sale and leaseback of five A321ceo aircraft with the delivery programme commencing from March 2018.
Wizz Air operates a fleet of 88 Airbus A320 and Airbus A321 aircraft, and offers more than 550 routes from 28 bases, connecting 145 destinations across 44 countries. These new A321ceo aircraft, which will be powered by IAE International Aero Engines AG's V2500 engine, will provide additional capacity for Wizz Air's continued growth.
József Váradi, CEO of Wizz Air commented, "We are pleased to confirm this deal with SMBC Aviation Capital. The addition of these aircraft will help us to continue to drive our operating costs lower as we aim to become the absolute cost leader in Europe. In 2018, we will remain focused on stimulating customer demand and making low cost air travel accessible for all, while delivering a great experience on-board one of the youngest aircraft fleets in Europe" .
Peter Barrett, CEO, SMBC Aviation Capital added, "We are delighted to confirm this announcement and look forward to developing our existing strong customer relationship with Wizz Air. The A321ceo aircraft offers airline customers superior seat-mile costs and seating capacity meaning that it is particularly suited to the low-cost carrier market."
SMBC Aviation Capital's owned, managed and committed portfolio of A321 aircraft stands at 20. In addition to its portfolio of A321s, SMBC Aviation Capital has a portfolio of 148 A320s and an order book of 110 A320neos.
The company currently has two existing aircraft on lease to Wizz Air.
For more information please contact:
Orla Benson, SMBC Aviation Capital, Mobile: 00 353 86 047 4343
Ben Griffiths/Selene Alford, Powerscourt: +44 7753 464 637 / +353 87 642 8844
About SMBC Aviation Capital
SMBC Aviation Capital is one of the world's leading aircraft lessors, with c. 100 airline customers in 42 countries. At 31 March 2017, the company owns, manages and is committed to purchase 668 aircraft. Established in 2001, the company was acquired in 2012 by a consortium comprising of two of Japan's biggest companies SMFG and Sumitomo Corporation. For further information go to https://www.smbc.aero/
About Wizz Air
Wizz Air is the largest low-cost airline in Central and Eastern Europe, operates a fleet of 88 Airbus A320 and Airbus A321 aircraft, and offers more than 550 routes from 28 bases, connecting 145 destinations across 44 countries. At Wizz Air, a team of approximately 3,500 aviation professionals delivers superior service and very low ticket prices making Wizz Air the preferred choice of 28.2 million passengers in 2017. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ and is included in the FTSE 250 and FTSE All-Share Indices. Wizz Air is registered under the International Air Transport Association (IATA), Operational Safety Audit (IOSA), the global benchmark in airline safety recognition. The company was recently named 2017 - European Airline of the Year by Aviation 100, a renown annual publication that recognizes the year's most outstanding performers in the aerospace industry.