LONDON May 22 Hungarian low-cost airline Wizz
Air is to float on the London Stock Exchange, Central and
Eastern Europe's largest budget airline said on Thursday,
seeking to sell 200 million euros ($273.3 million) in new shares
to strengthen its balance sheet.
Wizz Air, which has a fleet of 46 Airbus planes, had
revenues of 1 billion euros in the year ending 31 March 2014,
and net profit of 89 million euros. The listing is being run by
Barclays and Citi and JP Morgan, with
Nomura acting as lead manager.
($1 = 0.7318 Euros)
(Reporting By Freya Berry; editing by Clare Hutchison)