Published: Wed, November 15, 2017
Money | By Armando Alvarado

Wizz Air orders 146 A320neo Family jets

Wizz Air orders 146 A320neo Family jets

Airline pioneer Bill Franke looked set to place a historic $40 billion order for around 400 Airbus A320 jets, shaking up the low-priced industry and turning the annual race between Airbus and Boeing for plane orders on its head.

The Netherlands-based plane maker made the announcement Wednesday, following talks at the Dubai Air Show.

"The next-step technology aircraft will enable us to continue to lower our operating costs as we drive towards our goal of Wizz Air being the lowest fare and lowest unit cost airline in Europe".

The order will be worth USD$2.7 billion at list prices when firmed up.

The deal, a mix of A320neo-family orders and future commitments, would end Airbus's sales slump this year and give departing sales chief John Leahy one final triumph before he heads into retirement.

European carrier Wizz Air Holdings Plc.

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In a statement, the Hungarian LCC said that while deliveries will start in 2022, the bulk of this order's aircraft will be delivered in 2025 and 2026, following on from the delivery of the 110 Airbus A321neo aircraft ordered by Wizz Air in 2015.

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The air show is proving a positive one for Airbus, who began the annual event lagging behind rival Boeing in the order department in 2017, so far.

In addition, a separate deal for 175 jets from flyDubai, possibly to be split between Airbus and Boeing is also on the cards.

Separately, Egyptair, which placed an initial order for 12 Bombardier CSeries on Tuesday, could return for more airplanes from the larger planemakers, industry sources said.

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