Wizz Air signs aircraft lease with Chinese bank

Transport

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.

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.