By Ian Walker

Wizz Air Holdings PLC said Thursday that it has exercised an option with Airbus SE to buy 75 Airbus A321neo aircraft as per the agreement signed last November.

The Central and Eastern European low-cost airline said delivery of the aircraft is conditional upon agreement between the two companies as well as the approval of its shareholders.

"We remain on track to become a 500 aircraft airline group by the end of the decade while delivering our commitment to reduce our already industry-leading CO2 emissions by 25% by 2030," Chief Executive Jozsef Varadi said.

Wizz Air on Nov. 14 signed an agreement to buy a further 102 Airbus A321 aircraft, comprising 75 Airbus A321neo and 27 Airbus A321XLR aircraft, most of which will be delivered between 2025 and 2027.

No financial terms of the deal were disclosed.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

September 15, 2022 03:11 ET (07:11 GMT)

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