Wizz Air is not interested in expanding through acquisition of other businesses, the Central European budget carrier’s chief has declared.
Wizz Air is not interested in expanding through acquisition of other businesses, the Central European budget carrier’s chief has declared.
Jozsef Varadi, speaking during an interim results briefing on 13 November, said that consolidation in the market would take place.
“It’s not [as] predictable as many people would have thought,” he says. “But it’s happening.”
Varadi insists that Wizz Air is a “not interested” in buying other businesses, because it would “just create complexity” for the company.
“We’re not going to acquire anyone,” he states.
But he indicates that the carrier could be encouraged to acquire certain assets, notably airport slots.
“Western Europe is becoming increasingly tight,” he says. “We want to make sure we can position ourselves versus those consolidation events and we have sufficient resources to mobilise.”
