newstodate.aero
AUG 24, 2004 (newstodate): Wizz Air has secured an agreement with Indigo Partners, a U.S. private equity fund, to provide a convertible loan to Wizz Air of up to euro 3 million.
The proceeds will fund Wizz Air's operations and continued growth until the completion of a euro 40 million equity financing also to be lead by Indigo Partners.
Wizz Air began service in Katowice in May 2004 and started operations in Budapest in June. The airline added Warsaw and Gdansk earlier this month and now serves 17 markets with five Airbus A320 aircraft.
The proceeds will fund Wizz Air's operations and continued growth until the completion of a euro 40 million equity financing also to be lead by Indigo Partners.
Wizz Air began service in Katowice in May 2004 and started operations in Budapest in June. The airline added Warsaw and Gdansk earlier this month and now serves 17 markets with five Airbus A320 aircraft.