Indigo Partners Sells Wizz Air Share for USD 555 Million

Wizz Air’s largest investor, American equity firm Indigo Partners, has sold 9% of the Hungarian low-cost airline carrier for USD 555.5 million, as reported by the specialized British aviation news portal simpleflying.com.

The placing, realized on Tuesday and facilitated by Barclays Bank, involves 7.69 million shares. This brings the company’s stake in the budget airline down from 17.5% to just 8.5%.

The American company previously sold Wizz Air shares worth USD 650 million at the beginning of February this year.

Yesterday, shares of Wizz Air dropped by 6.5% as Indigo Partners announced the sale, the British portal adds, noting that the airline will not receive any proceeds from the sale.

American Indigo Partners has got its fingers in many budget-carrier pies. It owns a controlling interest in Frontier Airlines and Chilean JetSmart. The company also has a stake in Mexican LCC Volaris.

It has been an investor of Wizz since 2004 and previously owned as much as 20.6%. The equity firm’s founder and managing partner, William A. Franke, is also the Chairman of Wizz Air.

Indigo Partners

Wizz Air

Barclays Bank

Wizz Air shares

sale of a share

William A Franke