Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Hungary's Wizz Air set for London stock market debut

Published 21/05/2014, 17:53

LONDON (Reuters) - Hungarian low-cost airline Wizz Air is set to unveil plans for a London market debt on Thursday, a source familiar with the matter said, reviving listing plans for central and eastern Europe's largest budget airline.

Barclays, Citigroup and JP Morgan will lead the listing of Wizz, the source said on Wednesday. Reuters reported last summer that the three banks had been appointed but the share listing never occurred.

Wizz Air launched its first flight in 2004 and now has 16 operating bases in cities from Warsaw to Bucharest, offering more than 300 routes. The airline had sales of 766 million euros (620.1 million pounds) in 2012. Rival budget airlines easyJet and Ryanair are already listed on the London and Irish stock exchanges respectively.

Wizz Air was not immediately available for comment.

(Reporting by Freya Berry; editing by Alex Smith and Jane Merriman)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.