Wizz Air says based on organic growth, but ‘not blind’

Wizz Air (WIZZ.L) Chief Executive Jozsef Varadi said on Sunday the Hungarian budget carrier was built for organic growth, but was not “blind”.

“(Wizz) is a platform based on organic growth. I think what we are saying is of course we are interested in market consolidation and to some extent we can pay that game; we can buy out airport slots for example,” Varadi said.

“We keep an eye on the market in trending terms and we will continue to do that. We are not a Lufthansa, we are not an IAG. Those are consolidating forces, we are not. We are an organic company with a clearly defined business model, but we are not blind,” he said after announcing an order for 102 jets in Dubai.

EasyJet in September said it had rejected a takeover approach, opting instead to raise $1.7 billion from shareholders and go it alone. It declined to name its suitor, but a source familiar with the matter said it was Wizz Air (WIZZ.L).