WizzAir preparing to announce London IPO - report

Wednesday 21 May 2014 17.58
WizzAir had sales of €766 million in 2012
WizzAir had sales of €766 million in 2012

Hungarian low-cost airline WizzAir is set to unveil plans for a London market debut tomorrow, 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.

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 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.