Commercial support agreement with Pratt & Whitney

WIZZ AIR SECURES COMMERCIAL AGREEMENT WITH PRATT & WHITNEY THROUGH TO 31 DECEMBER 2026, ENSURING CONTINUED SUPPORT FOR AIRCRAFT GROUNDED OWING TO POWDER METAL ISSUES

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Geneva, 31 December 2024: Wizz Air Holdings Plc ("Wizz Air" or "the Company") today announces that it has entered into a commercial support agreement with Pratt & Whitney in relation to the continued grounding of aircraft owing to powder metal issues in the PW1100G-JM geared turbofan ("GTF") engines. The Company is projecting a continued grounding of around 40 Airbus A320NEO family aircraft through F26 due to inspections required on its GTF fleet. The commercial support from Pratt & Whitney, which extends through the end of calendar year 2026, includes both operational support and a compensation package covering the Company's direct costs associated with the aircraft that have been grounded or are expected to be grounded and is on terms consistent with levels of support currently being received by the Company.

The Company continues to take proactive action to mitigate the financial and operational impact of the grounded aircraft and will continue to work with Pratt & Whitney to ensure that aircraft are returned to operation as soon as possible. During F26, the Company expects to return to growth by taking 50 new Airbus A321NEO deliveries and grow seat capacity by about 20%. These additional latest technology aircraft will take the type's share of the WIZZ fleet to 77%, as the Company continues its retirement of A320CEO family aircraft, further bolstering its fuel-efficient operations and its market-leading sustainability credentials.

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