Wizz Air, in agreement with Pratt & Whitney for PurePower Geared Turbofan engines
Wizz Air Holdings Plc announces that it has reached an agreement with Pratt & Whitney following a selection process. It aims to equip 110 Airbus A321neo aircraft with PurePower Geared Turbofan engines.
Airbus A321neo aircraft deliveries will begin in 2019. The agreement also covers 90 of additional A321neo aircraft over which Wizz Air has purchase rights without commitment, Also included in the agreement are a series of spare engines.
The deal is worth over 2,5 billion dollars at list prices. The cost is included in the price paid to Airbus SAS in accordance with the purchase agreement for the A321neo aircraft signed by Wizz Air in 2015.
As part of the agreement, Wizz Air entered into a long-term engine fleet management program with Pratt & Whitney.
József Váradi, Chief Executive Officer of Wizz Air, said: “Following a detailed analysis process, we have concluded that the Geared Turbofan engine offers the best value as well as maximum efficiency in terms of fuel consumption and efficiency of operations. These values will translate directly into reduced operating costs for our business. While we already have a very low base cost, our goal is to be more efficient in delivering the lowest rates to our customers and at the same time to produce solid results for shareholders. ”