Wizz Air tipped for take off in London

Wizz Air is reported to be plotting a flotation on the London Stock Exchange. The eastern European budget airliner, which was founded a decade ago, has hired investment banks Barclays, Citigroup and JPMorgan Chase & Co to manage an initial public offering in London, financial website Bloomberg reported citing people with knowledge of the matter.It said that the flotation could happen in the second half.Wizz Air could not be contacted for comment. It is thought to have considered a stock market listing several years ago. Founded in June 2003, Wizz Air operates from 16 bases across Eastern Europe offering flight on over 250 routes. There has been a revival in the IPO market this year with estate agency Countrywide, insurer Esure among those that have floated.TB