Wizz Air to float on London Stock Exchange
Hungarian low-cost airline Wizz Air has unveiled plans to float on the London Stock Exchange.
It wants to sell €200 million in new shares to strengthen its balance sheet and fund future growth.
Since it was launched in 2004, Wizz Air claims it has grown to become the largest low-cost carrier in Central and Eastern Europe, with a market share of 38% and carrying more than 13.9 million passengers last year.
It hopes to expand in current markets and into new ones in Central and Eastern European and further East, and to grow its current fleet of 50 Airbus A320 aircraft to around 82 Airbus A320-family aircraft by the end of 2017.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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