Manufacturing Industry
WIZZ Air wins financial banking from US aviation investment fund
Airline Industry Information, May 18, 2004
AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD
New European low-cost airline WIZZ Air has reportedly won the financial backing of a US aviation investment fund.
The carrier has reached an agreement with US fund Indigo Partners LLC, under which Indigo will invest EUR20m in the Hungarian-based carrier.
The financial backing is expected to pave the way for the airline to sell a stake to a group of European investors, reported Reuters.
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