Wizz Air (W6, Budapest) and Wizz Air Ukraine (WU, Kiev Zhulyany) parent, Wizz Air Holdings plc, has postponed plans for an Initial Public Offering (IPO) on the London Stock Exchange citing current market volatility in the airline sector.
"The outlook for Wizz Air's business remains extremely positive and unaffected by the decision not to proceed with an IPO; the Board will continue to focus on executing its strategy of driving growth and value," it said.
With a total of 18 bases scattered throughout Eastern and Central Europe, Wizz Air operates a fleet of 52 leased Airbus A320s. The LCC had hoped to raise as much as EUR200million (USD275million) for use in securing an additional 32 aircraft and to open up new markets.
Via www.ch-aviation.com
"The outlook for Wizz Air's business remains extremely positive and unaffected by the decision not to proceed with an IPO; the Board will continue to focus on executing its strategy of driving growth and value," it said.
With a total of 18 bases scattered throughout Eastern and Central Europe, Wizz Air operates a fleet of 52 leased Airbus A320s. The LCC had hoped to raise as much as EUR200million (USD275million) for use in securing an additional 32 aircraft and to open up new markets.
Via www.ch-aviation.com