The budget airline Wizz Air has called off its planned IPO claiming that volatility in the airline sector made the step impractical. It had hoped to raise €200m on London’s stock exchange. Wizz Air is the dominant budget airline in Central and Eastern Europe, operating a fleet of 46 Airbus aircraft it aims to expand to 82 within three years. Begun ten years ago in 2004, the airline took up a significant share of the capacity at Budapest’s airport left when Malev collapsed in 2012. It made its IPO announcement back in May, amid a flurry of flotation announcements as companies scrambled to capitalize on perceived investor demand. Not all these flotations have come to fruition, however, with several listings having been pulled.
