Wizz Air PDP and sale leaseback with ICBC Leasing

Wizz Air, the largest low-cost airline in Central and Eastern Europe, has entered into a pre-delivery payment financing and sale and leaseback agreement with ICBC Financial Leasing Co., Ltd. (ICBC Leasing) for eight new Airbus A320 aircraft. The airplanes are planned for deliveries in 2013 and 2014 and at list price would be valued at over US$ 700,000,000. József Váradi, Chief Executive Officer of Wizz Air, said: “We are pleased to expand our existing group of leasing companies and to announce our first financing deal with ICBC Leasing, the biggest ever between Hungary and China. I look forward to expanding