Wizz Air, a leading low-cost carrier based in Hungary, has expanded its fleet with the addition of a new Airbus A321neo, identified by serial 12196. The aircraft is equipped with PW1133G-JM engines, known for their fuel efficiency and environmental performance.
Wizz Air, the Hungary-based low-cost carrier, has taken delivery of an Airbus A321neo, identified by serial number 12196. The aircraft is powered by Pratt & Whitney PW1133G-JM engines, further strengthening the airline’s commitment to fleet modernization and operational efficiency.
Arcano Partners (Spain) has announced the successful completion of its second transaction through its investment vehicles Arcano Aviation Fund and Arcano Capital Aviation. The transaction involves the acquisition of two Airbus narrowbody aircraft, both of which are under existing lease agreements with Wizz Air (Hungary).
My Freighter (Uzbekistan) has unveiled ambitious plans to globalize its operations, including obtaining Air Operator Certificates (AOCs) in Hungary and Saudi Arabia. As part of this strategy, the carrier also aims to expand its fleet to 20 cargo aircraft by 2026, strengthening its position in the global air cargo market.
Wizz Air, the Hungarian low-cost carrier, is expanding its operations by basing its fifth A321neo aircraft at Balice Airport. This addition will support the launch of new routes to Basel, Bergen, and Genoa, enhancing connectivity between Poland and key European cities. The deployment of the A321neo, known for its fuel efficiency and passenger capacity, aligns with Wizz Air’s strategy to expand…
Wizz Air, based in Hungary, has provided insights into its sale/leaseback plans, forecasting a moderate increase in activity for 3Q and 4Q compared to 2Q, followed by a substantial ramp-up in fiscal 2026 as more transactions come into effect. The airline’s sale/leaseback strategy is designed to support fleet flexibility and financial liquidity, helping Wizz Air to manage capital costs effectively as…
Wizz Air Holdings, based in Hungary, reported that as of September 30, 2024, it had 41 aircraft on the ground due to ongoing GTF engine-related inspections. This figure marks an improvement over the initial forecast for fiscal 2025, attributed to the expedited induction of quick-turn engines. Wizz Air anticipates an average of 40-45 grounded aircraft over the next 18 months as engine…
Wizz Air Holdings, the Hungarian low-cost airline, reported mixed financial results for the third quarter of 2024, with a 0.5% increase in total revenue to $3.0 billion. Despite this modest growth, the airline experienced a 21.3% decline in net profit, which fell to $315.2 million. The airline’s total cash holdings remain substantial at $1.85 billion, reflecting its ability to maintain liquidity even amid…
Wizz Air, a low-cost airline based in Hungary, has lost its legal challenge against a $2.1 million capital increaseprovided by the Romanian government to TAROM, Romania’s national airline. This capital injection, aimed at supporting TAROM, was approved by EU competition regulators, and the EU General Court has now dismissed Wizz Air’s objections. Wizz Air argued that the state aid breached…
Aergo Capital, a prominent Irish aircraft leasing firm, has acquired an Airbus A321-200 aircraft, with serial number 6976, from an investor customer of FPG Amentum, also based in Ireland. The aircraft, currently leased to Wizz Air, a low-cost airline headquartered in Hungary, marks a strategic addition to Aergo Capital’s growing portfolio. This acquisition aligns with Aergo Capital’s objectives to expand…
