REG - Wizz Air Holdings - GTF ENGINE REMOVAL PROJECTIONS REMAIN UNCHANGED

Wizz Air HoldingsAnnouncement

15/12/2023 11:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231215:nRSO0022Xa&default-theme=true

RNS Number : 0022X  Wizz Air Holdings PLC  15 December 2023

WIZZ AIR CONFIRMS GTF ENGINE REMOVAL PROJECTIONS REMAIN UNCHANGED

Ticker:  WIZZ

Geneva, 15 December 2023: Wizz Air Holdings Plc ("Wizz Air") provides an
update in response to a United States Federal Aviation Administration ("FAA")
Notice of Proposed Rulemaking ("NPRM") released on December 11, 2023 for an
Airworthiness Directive ("AD") related to certain International Aero Engines,
LLC ("IAE") Model PW1100G series engines (link: Federal Register:
Airworthiness Directives; International Aero Engines, LLC Engines
(https://www.federalregister.gov/documents/2023/12/12/2023-27047/airworthiness-directives-international-aero-engines-llc-engines)
).

The NPRM is consistent with guidance previously received from IAE and
therefore, Wizz Air makes no change to its existing capacity assumptions. We
reconfirm +20% ASK capacity guidance YoY for H2 F24. Further to the AD Wizz
reconfirms that a) there is no increase in the estimated number of grounded
Wizz aircraft in F24, b) no change to Wizz's flat YoY ASK capacity estimate in
F25, and c) no change to the January 2024 timing for Wizz's grounding program.
The inspections and spare part replacements referenced in the NPRM were
accounted for in Wizz Air's original planning estimates. Wizz Air will follow
the recommendations of the November 3, 2023 service bulletin alert issued by
IAE.

 

ABOUT WIZZ AIR

Wizz Air, the fastest growing European ultra-low-cost airline, operates a
fleet of 194 Airbus A320 and A321 aircraft. A team of dedicated aviation
professionals delivers superior service and very low fares, making Wizz Air
the preferred choice of 51.1 million passengers in the Financial Year F23
ending 31 March 2023. Wizz Air is listed on the London Stock Exchange under
the ticker WIZZ. The company was recently named one of the world's top ten
safest airlines by airlineratings.com (http://airlineratings.com/) , the
world's only safety and product rating agency, and named Airline of the Year
by Air Transport Awards in 2019 and in 2023. Wizz Air has also been recognised
as the "Most Sustainable Low-Cost Airline" within the World Finance
Sustainability Awards in 2021-2023 and the "Global Environmental
Sustainability Airline Group of the Year" by the CAPA-Centre for Aviation
Awards for Excellence 2022-2023.

- Ends -

 For more information:
 Investors:  Zlatko Custovic, Wizz Air                                      +36 1 777 9407
 Media:      Tamara Vallois, Wizz Air                                       +36 1 777 9324

             James McFarlane / Eleni Menikou / Charles Hirst, MHP Group:    +44 (0) 20 3128 8100

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFLFILFDLELIV