Wizz Air signs aircraft lease with Chinese bank
Hungarian low-fare airline Wizz Air signed an agreement with the leasing company of the Industrial and Commercial Bank of China (ICBC) on the acquisition of eight new Airbus A320 aircraft in Beijing on Thursday. Wizz Air said it would take delivery of the more than $700 million order in 2013 and 2014. The agreement with ICBC was the first of its kind for Wizz Air, said government commissioner for harmonisation of Hungarian-Chinese bilateral ties Peter Szijjártó. The airline is open to further negotiations in China as it aims to acquire another 70 new aircraft in the coming five years, financed with similar means, he added.
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