Wizz Air closes A320 sale and leasebacks with ICBC Leasing

Source: Flightglobal.com
This story is sourced from Flightglobal.com

Central European budget carrier Wizz Air has closed the first two of eight A320 sale and leaseback transaction with ICBC Financial Leasing.

The aircraft (MSN 5604, 5608) are powered by International Aero Engines V2527-A5 engines.

The aircraft are part of an agreement for eight A320s, delivering through 2014. As part of the transaction ICBC Financial Leasing is also providing pre-delivery payment financing for Wizz Air.

The budget carrier is due to receive a total of eight A320s this year followed by 13 aircraft in 2014. Another 25 A320s will join the fleet in 2015, according to Flightglobal's Ascend Online database.