Wizz bows to the inevitable as Boeing takes it on the chin from China Eastern

When the Wizz IPO plans were announced a few weeks ago you will recall that we questioned the timing and the overall plan of listing a Hungarian airline in London right now when just about every IPO is failing to gain good support, and when the core business of Wizz is under threat from economic instability and rising costs. If Wizz had continued with its planed IPO timeline then it is highly likely that the whole thing would have become an embarrassing failure with significant negative PR fallout. All this of course came before the recent share dives for Lufthansa