Wizz Air signs deal for 146 new planes

Low cost airline Wizz Air has signed an agreement to buy 146 Airbus A320neo Family aircraft. They will be used to replace existing fleet and also to facilitate expansion plans and deliver growth over the next decade.

The current list price for the 146 aircraft is in excess of $17.2bn. Wizz Air said it had been granted 'significant discounts' by Airbus.

Given the size of the deal, shareholders will be called to vote on the investment at a general meeting to be held in due course.