Low-cost carrier Wizz Air has hired London banks to prepare for IPO


Skift Take

An IPO for Eastern Europe's answer to Ryanair points to the continued strength of the low-cost carrier model in Europe.

Wizz Air, Eastern Europe’s biggest budget carrier, has appointed Barclays Plc, Citigroup Inc. and JPMorgan Chase & Co. to manage an initial public offering in London, according to people with knowledge of the matter. The sale of the carrier, created in 2003, may happen as early as the second half of thi