Budapest Stock Exchange Welcomes Wizz Air Shares

From this week, Wizz Air Holdings Plc.’s shares are available on the 'BETa Market', an alternative platform of the Budapest Stock Exchange (BSE). The BETa platform offers the opportunity to trade securities of large European companies.

As a result, the shares of the international airline, which has Hungarian origins, can be accessed without currency conversion through investment providers. Settlement is in HUF, and OTP Bank will act as market maker.

According to a report by the Budapest Stock Exchange, Wizz Air is the fastest growing and greenest low-cost airline in Europe, with a very strong presence in Hungary. Wizz Air was established in 2003 and launched its first flight on 19 May 2004 from Katowice. Today, as a result of its consistent strong growth, it has become the leading airline in Central and Eastern Europe, with a fleet of 134 planes, offering more than 960 routes to its passengers from more than 260 airports. Wizz Air today has the lowest carbon emission per passenger driven by its continued investment in the youngest fleet and has a plan to take emissions down a further 33% by 2030.

Wizz Air Holdings Plc.’s shares were listed on the London Stock Exchange in February 2015.

Trading in the company’s shares started this week on the BSE BETa market, where shares of large international companies can be accessed without the costs of foreign exchange conversions. OTP Bank acts as the market maker for Wizz Air shares.

"Capital market financing has played an important role in the growth of our company. Therefore, we are glad that Hungarian investors will be able to access our shares through the Budapest Stock Exchange, and thus share in the success of Wizz Air,” the co-founder and CEO of Wizz Air Holdings, József Váradi said.