Wizz Air chief part of £5.4m share sale

Overcapacity in the European short-haul aviation market is a sensitive subject, especially in light of the recent collapse of multiple budget airlines. But this hasn’t deterred Wizz Air (WIZZ) from expanding. By February, the airline had increased capacity by more than a fifth year on year, serving 29.1m passengers – a quarter more than the year before. During the third quarter alone, 39 new routes were announced and a further four in February, taking the current total network past 600.