Wizz Air says based on organic growth, but 'not blind'
Reuters
Published Nov 14, 2021 09:53AM ET
DUBAI (Reuters) - Wizz Air Chief Executive Jozsef Varadi said on Sunday the Hungarian budget carrier was built for organic growth, but was not "blind".
"(Wizz) is a platform based on organic growth. I think what we are saying is of course we are interested in market consolidation and to some extent we can pay that game; we can buy out airport slots for example," Varadi told Reuters.
"We keep an eye on the market in trending terms and we will continue to do that. We are not a Lufthansa, we are not an IAG (LON:ICAG). Those are consolidating forces, we are not. We are an organic company with a clearly defined business model, but we are not blind," he said after announcing an order for 102 jets in Dubai.
EasyJet in September said it had rejected a takeover approach, opting instead to raise $1.7 billion from shareholders and go it alone. It declined to name its suitor, but a source familiar with the matter told Reuters it was Wizz Air.
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Written By: Reuters
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