Wizz Air has confirmed an order for 75 new generation Airbus A321neo aircraft.
Shareholders at a general meeting of the Hungarian low cost carrier approved the purchase for an undisclosed sum.
The airline also saw off an investor revolt against its directors’ pay policies.
However, more than a quarter rejected the airline’s remuneration policy, its bonus plan and directors’ remuneration report for the financial year to March 31.
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Following the outcome, the carrier said: “The board remains of the view that the leadership of the company’s CEO, Jozsef Varadi, is central to delivering Wizz Air’s recovery in the coming years and these changes are in the best interests of the company, its shareholders and other stakeholders.”
The order with the European manufacturer, confirmed ahead of a quarterly update today (Thursday), takes its total commitment to 434 Airbus single aisle aircraft and a total fleet of 565.
Varadi said: “With today’s announcement, Wizz Air further reinforces its position as the largest A321neo family operator in Europe and the Middle East.
“More than half our fleet has already been converted to cutting-edge neo technology.
“The A321neo’s unparalleled economic efficiency and remarkably low carbon footprint underpin our commitment to provide affordable and sustainable travel options for our customers.
“We have enjoyed a longstanding strategic partnership with Airbus and are steadfast in our commitment to this exceptional technology with one of the largest outstanding order books in the world of more than 350 neo aircraft.”
Wizz Air currently has a fleet of more than 180 A320 family aircraft.
Airbus chief commercial officer Christian Scherer said: “Thanks to Jozsef’s stewardship, Wizz Air has steadily grown to become a formidable airline in the European skies and a great partner to Airbus.
“The investment in the A321neo is a solid foundation in Wizz Air’s continued expansion strategy.: