Wizz Air to lease Airbus aircraft from GE
Hungarian low-fare airline Wizz Air Kft has signed an agreement with GE Commercial Aviation Services (GECAS) to lease four new A320 passenger aircraft, Wizz Air announced on Wednesday.
Under the agreement, Wizz Air will take delivery of the aircraft in 2008. GECAS will purchase the planes from Airbus Industries and will be lease them to Wizz Air for 11 years. The deal is part of a contract Wizz Air signed earlier with Airbus on the purchase of 44 new Airbus A320 aircraft.
Wizz Air director József Váradi said the airline aims to strengthen its position in the region by expanding its fleet. Wizz Air operates flights to Poland, Hungary, Bulgaria, Croatia, Slovenia and Romania, and holds 28% of the capacity of low-fare airlines operating in Hungary. It has carried more than 5 million passengers since setting up in 2004.
GECAS owns 1,400 aircraft, which it leases to 225 airlines in 70 countries.
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.