Wizz Air eyes new horizons with EUR 47 million investment

Budget carrier Wizz Air expects to generate EUR 47 million from new investors. "We are just about to close a deal with Indigo Partners, which will invest EUR 20 million and become our majority shareholder," said Wizz Air president Józef Varadi. However, the names of other investors have not been revealed so far. The capital injection will place the company in the lead position in the domestic budget market. From September 15 the operator plans to increase the frequency of flights by 40%. Wizz Air's Warsaw to Dortmund and Warsaw to Brussels routes will fly daily. The airline will also be flying to Copenhagen four times a week from Warsaw, Katowice and Gdańsk. (Puls Biznesu, pp.1,8) J.J.