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October 22, 2021

Wizz Air issues Air France-KLM statement

Wizz Air has been prompted to issue a formal denial following reports from Holland that it was subject to a takeover bid by Air France KLM, travelweekly.co.uk informs. The Hungarian carrier, whose main hub is Budapest Airport but also has other bases in Europe, says: “Because of its success, Wizz Air receives unsolicited enquiries from time to time from interested potential investors. There are no such discussions currently underway.” A Dutch media outlet claimed the European giant, which issued a profits warning yesterday, was in advanced negotiations to buy the eastern European budget carrier. As a result of the media speculation, the airline issued a statement denying being involved in talks. “Because of its success, Wizz Air receives unsolicited inquiries from time to time from interested potential investors” the airline said. Air France KLM operates Dutch low cost carrier Transavia with a main base in Amsterdam. Wizz Air, which abandoned a London stock exchange listing last month, opened its 17th European base in Riga, Latvia, in June and operates a fleet of more than 50 Airbus A320s across 35 countries. The airline carried almost 14 million passengers in the year to March 31. It was expecting to raise around EUR 200 M (USD 273) through the flotation to fund further route expansion.

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