Credit rating agencies initiate coverage

RNS Number : 0073M

Wizz Air Holdings PLC

25 April 2018

 

Wizz Air Holdings Plc

Credit rating agencies initiate coverage of Wizz Air

LSE: WIZZ

Geneva, 25 April 2018: Wizz Air Holdings Plc (the "Company") the largest low-cost airline in Central and Eastern Europe, today notes that two leading credit rating agencies have initiated coverage on the Company:

Rating agency	Rating	Outlook
Fitch	BBB	Stable
Moody's	Baa3	Stable

Commenting on the development, Jozsef Varadi, Chief Executive Officer, said today:

"This is a historic milestone in the development of Wizz Air and these investment grade credit ratings confirm the strength of our business and our balance sheet.  Investment grade credit ratings not only enable Wizz Air to access new sources of aircraft financing but also at even lower financing costs.   Wizz Air has 256 Airbus A320 family NEO aircraft on order, the first of which is being delivered in January 2019, and these ultra-efficient, next-step technology aircraft will underpin our growth plans for the next decade as we continue with our mission to be the undisputed cost leader among European airlines."

- Ends-

ABOUT WIZZ AIR

About Wizz Air

Wizz Air is the largest low-cost airline in Central and Eastern Europe, operates a fleet of 96 Airbus A320 and Airbus A321 aircraft, and offers more than 600 routes from 28 bases, connecting 141 destinations across 44 countries. At Wizz Air, a team of more than 3,500 aviation professionals delivers superior service and very low ticket prices making Wizz Air the preferred choice of 29.6 million passengers in the financial year ended 31 March 2018. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ and is included in the FTSE 250 and FTSE All-Share Indices. Wizz Air is registered under the International Air Transport Association (IATA), Operational Safety Audit (IOSA), the global benchmark in airline safety recognition. The company was recently named 2017 - European Airline of the Year by Aviation 100, a renown annual publication that recognizes the year's most outstanding performers in the aerospace industry.

For more information:

Investors:	Balint Veres, Wizz Air:	[phone]
Media:	Sorina Ratz, Wizz Air:	[phone]
	Edward Bridges / Jonathan Neilan, FTI Consulting LLP:	[phone]

 

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