Wizz Air will add eight A320s to its fleet in 2013 and 2014 through a sale and leaseback agreement with China’s ICBC Leasing.
Wizz Air CEO Jozsef Varadi described the financing deal as the biggest ever between Hungary and China. "The addition of these eight new aircraft will contribute to the growth capacity of the airline and maintain the average age of our fleet – just under four years," he said. Cong Lin, ICBC Leasing’s CEO, said his company aims to expand in Central and Eastern Europe, where the Wizz deal is its first transaction. "ICBC Leasing looks forward to expanding in this promising region and working closely with Wizz Air." Wizz Air currently operates 40 A320s. The carrier is seen as the largest low-fare, low-cost airline in Central and Eastern Europe, operating from 16 bases with over 270 routes connecting 94 destinations across 33 countries.Source: routenews, Piers Evans
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