Wizz Ar Renews Maintenance Contracts with Lufthansa Technik

Nov. 19, 2015
It signed a renewed contract Wednesday with Lufthansa Technik Maintenance International and Lufthansa Technik Budapest for line maintenance services for the Wizz Air fleets; two eight-year agreements.

Budapest, 19 November 2015 – Wizz Air, the largest low-cost airline in Central and Eastern Europe, signed a renewed contract Wednesday with Lufthansa Technik Maintenance International (LTMI) and Lufthansa Technik Budapest (LTB) for line maintenance services for the Wizz Air fleets based in Romania, Slovakia and Hungary. The value of the two eight-year agreements was not released.

The contract extensions were signed in Budapest by Wizz Air Chief Executive Officer József Váradi, LTMI Chief Executive Officer Ulrich Hollerbach and LTB Chief Executive Officer Dietmar Focke.

Under the agreements, LTMI and LTB will provide a single point of contact for all line maintenance issues, preventive maintenance and performance monitoring of the fleet. LTMI will provide these services in Bucharest, Cluj-Napoca, Târgu Mureș, Timișoara, and Craiova in Romania and in Košice in Slovakia, while LTB will provide them in Budapest and Debrecen. LTB will also manage and operate Wizz Air’s recently opened maintenance hangar in Budapest. The contract will support up to 100 skilled jobs in the region.

Wizz Air Chief Executive Officer József Váradi said: “Line maintenance services are a key part of Wizz Air operations and both LTMI and LTB have played a large role in making sure we maintain our stellar operational record. They perform consistently at the level that meets our high standards for reliability and quality and they continue to manage the increased work-scope resulting from our growth while maintaining a competitive price. That allows us to keep our fares low and attractive to our customers in the region.” 

Lufthansa Technik Budapest CEO Dietmar Focke said: “We feel really honored to grow our services in Budapest in line with Wizz Air’s growth rate. More than ten years ago we started to work together with Wizz Air from the very moment of its foundation when they operated only two aircraft and we do hope to celebrate together with Wizz Air a takeover of its 100th aircraft during the period of the just signed contract.“

Ulrich Hollerbach, Chief Executive Officer of LTMI, said: "It is a great honor for LTMI to be selected once again by Wizz Air and to support the growth of the carrier as a strategic partner. The contract is also very important for us with regard to the line maintenance market for low-cost airlines in general."

About Wizz Air

Wizz Air is the largest low-cost airline in Central and Eastern Europe, currently operates a fleet of 64 Airbus A320 and A321 aircraft and offers over 390 routes from 22 bases, connecting 115 destinations across 39 countries. At Wizz Air, a team of approximately 2,600 aviation professionals delivers superior service and very low ticket prices making Wizz Air the preferred choice of 16.5 million passengers in the financial year ended 31 March 2015. 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

About Lufthansa Technik Group

The Lufthansa Technik Group, with more than 30 subsidiaries and associates and over 26,000 employees worldwide, is one of the leading providers of technical services for the aviation industry. Its portfolio encompasses the entire spectrum of services for commercial aircraft: maintenance, repair, overhaul, modification and conversion, engines and components.