Aergo Capital (Ireland) has expanded its portfolio with the acquisition of an A320 family aircraft, bearing serial number 5660, from Deucalion Aviation (UK). The purchase was made on behalf of a managed client, with the aircraft currently on lease to Wizz Air (Hungary).
Wizz Air (Hungary) has unveiled a new international route connecting Cluj-Napoca (Romania) to Castellón (Spain). The inaugural flight is scheduled for 11 April 2025, further expanding the airline’s European network.
Wizz Air, the Hungary-based low-cost carrier, has entered into a new support agreement with Pratt & Whitney, aiming to tackle ongoing engine-related challenges that have impacted its fleet. The carrier announced that it expects 40 aircraft to remain grounded through fiscal 2026 due to these issues, highlighting the significant operational hurdles caused by engine reliability concerns.
Wizz Air, a leading low-cost carrier based in Hungary, has expanded its fleet with the addition of a new Airbus A321neo, identified by serial 12196. The aircraft is equipped with PW1133G-JM engines, known for their fuel efficiency and environmental performance.
Wizz Air, the Hungary-based low-cost carrier, has taken delivery of an Airbus A321neo, identified by serial number 12196. The aircraft is powered by Pratt & Whitney PW1133G-JM engines, further strengthening the airline’s commitment to fleet modernization and operational efficiency.
Arcano Partners (Spain) has announced the successful completion of its second transaction through its investment vehicles Arcano Aviation Fund and Arcano Capital Aviation. The transaction involves the acquisition of two Airbus narrowbody aircraft, both of which are under existing lease agreements with Wizz Air (Hungary).
Wizz Air, the Hungarian low-cost carrier, is expanding its operations by basing its fifth A321neo aircraft at Balice Airport. This addition will support the launch of new routes to Basel, Bergen, and Genoa, enhancing connectivity between Poland and key European cities. The deployment of the A321neo, known for its fuel efficiency and passenger capacity, aligns with Wizz Air’s strategy to expand…
Wizz Air, based in Hungary, has provided insights into its sale/leaseback plans, forecasting a moderate increase in activity for 3Q and 4Q compared to 2Q, followed by a substantial ramp-up in fiscal 2026 as more transactions come into effect. The airline’s sale/leaseback strategy is designed to support fleet flexibility and financial liquidity, helping Wizz Air to manage capital costs effectively as…
Wizz Air Holdings, based in Hungary, reported that as of September 30, 2024, it had 41 aircraft on the ground due to ongoing GTF engine-related inspections. This figure marks an improvement over the initial forecast for fiscal 2025, attributed to the expedited induction of quick-turn engines. Wizz Air anticipates an average of 40-45 grounded aircraft over the next 18 months as engine…
Wizz Air Holdings, the Hungarian low-cost airline, reported mixed financial results for the third quarter of 2024, with a 0.5% increase in total revenue to $3.0 billion. Despite this modest growth, the airline experienced a 21.3% decline in net profit, which fell to $315.2 million. The airline’s total cash holdings remain substantial at $1.85 billion, reflecting its ability to maintain liquidity even amid…
