US News

Wizz Air in talks over large Airbus jet order -sources



© Reuters. FILE PHOTO: A Wizz Air Airbus A320 from Sofia, Bulgaria taxis to a gate after landing at Luton Airport after Wizz Air resumed flights today on some routes, following the outbreak of the coronavirus disease (COVID-19), Luton, Britain, May 1, 2020. REUTERS/

PARIS (Reuters) -Hungary’s Wizz Air is in negotiations with European planemaker Airbus over the purchase of at least 100 more narrowbody jets, industry sources said on Thursday.

Talks began several months ago and surfaced as Wizz Air emerged as a suitor for rival easyJet (LON:) and as Europe’s largest budget carrier, Ryanair, remained deadlocked with Boeing (NYSE:) over a major jet purchase.

Analysts say all three major European budget airlines are forecast to expand as the COVID-19 crisis further erodes the finances of national legacy carriers.

Talks between Wizz Air and Airbus continued over the summer but the two sides are not yet ready to announce a deal, the sources said. Fleet purchase talks typically take months.

Any deal would involve at least 100 aircraft, one of the sources said.

Wizz Air, which has already ordered a total of 388 Airbus jets, declined to comment.

A spokesman for Airbus said it always talks to customers about their needs but never comments on such discussions.

Britain’s easyJet said earlier it had rejected a takeover approach, opting instead to raise $1.7 billion from shareholders and go it alone in an industry battling to recover from the pandemic.

EasyJet declined to name its suitor, but a source familiar with the matter told Reuters it was Wizz Air. Both airlines declined to comment.

See also  60 stocking stuffer ideas for everyone on your list
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply