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Wizzair Announcement tomorrow

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Wizzair Announcement tomorrow

Old 13th Apr 2020, 13:10
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Wizzair Announcement tomorrow

Does anyone know what the big announcement Wizzair are making to their staff tomorrow lunchtime is about?
It doesn't sound like it will be positive news.
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Old 13th Apr 2020, 14:24
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Arguably, if anyone did know there would be no need for an announcement! You'll just have to wait.
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Old 13th Apr 2020, 14:43
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They owe me a refund and say an announcement about claiming via website will be available tomorrow. Maybe just this and nothing more sinister.
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Old 13th Apr 2020, 15:05
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Originally Posted by cjhants View Post
They owe me a refund
Must be fairly large.
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Old 13th Apr 2020, 15:54
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Originally Posted by cjhants View Post
They owe me a refund and say an announcement about claiming via website will be available tomorrow. Maybe just this and nothing more sinister.

yeah, Iím sure theyíd announce to their staff, that they owe you a refund
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Old 13th Apr 2020, 17:50
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heard they are going to buy a majority shareholding in easyjet
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Old 13th Apr 2020, 18:04
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Originally Posted by scrotometer View Post
heard they are going to buy a majority shareholding in easyjet
Big if true.
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Old 13th Apr 2020, 18:41
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Originally Posted by scrotometer View Post
heard they are going to buy a majority shareholding in easyjet
I have heard similar, that there will be a merger of sorts but they'll continue operating under separate brands.
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Old 13th Apr 2020, 18:43
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Surely they couldn't afford to buy a majority shareholding?
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Old 13th Apr 2020, 18:48
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A merger with Norwegian.
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Old 13th Apr 2020, 19:05
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Buying BA SH arm at LGW
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Old 13th Apr 2020, 19:09
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https://www.aviation24.be/airlines/l...-acquisitions/
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Old 13th Apr 2020, 20:16
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Originally Posted by BehindBlueEyes View Post
This article was posted prior to coronavirus so it has no use any more.
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Old 13th Apr 2020, 20:27
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Originally Posted by Busdriver01 View Post
Surely they couldn't afford to buy a majority shareholding?
No one ever imagined Easyjet could afford a buyout of Go until that black day when they did, even paying a multiple of what it was worth just to erase the competition that they couldnt compete with from the market.

It could be that with the right financial backing and EJ share price where it is at present (⅓ of what it ought to be) they simply can't afford not to.
If they have big aspirations in mind now is the time to grab a bargain because when the bug is vanquished shares in locos will soon be back where they ought to be.

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Old 13th Apr 2020, 20:32
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Think people are getting a bit carried away here. To think that any airline right now is going to use a large part of its liquidity - which they desperately need just to remain a going concern - in order to make acquisitions (especially as big as taking control of U2) is IMHO absolutely batsh1t crazy. Even IAG are trying to get out of the Air Europa deal. Of course this comment could age very badly as quickly as tomorrow morning but I just cannot see it.
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Old 13th Apr 2020, 20:40
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In my experience announcements that have to be preceded by an advance "We will be making an announcement in two days time" invariably turn out to be trivia, such as a new colour palette for the logo. And in fact the stock exchanges of quoted companies would not accept such advance "warning" that is coded for insiders for anything major.
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Old 13th Apr 2020, 20:42
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For the record Wizz and easyJet have basicly the same market value, and neither has the cash available to take over the other one, especially in the middle of this crisis.
I donít see the value of a merge at this point when everybody is fighting for survival but who knows
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Old 13th Apr 2020, 21:45
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Originally Posted by dirk85 View Post
For the record Wizz and easyJet have basicly the same market value, and neither has the cash available to take over the other one, especially in the middle of this crisis.
I donít see the value of a merge at this point when everybody is fighting for survival but who knows
but maybe not 100% ownership, who knows, we'll know in several hours
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Old 13th Apr 2020, 23:27
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They will commence domestic operations in Australia, extending to trans tasman shortly thereafter. They are just awaiting Virgin to fall over due to 10 years of terrible management and a lack of capital input from the owners. This is a rumour network right?
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Old 14th Apr 2020, 00:48
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Originally Posted by decoder View Post
They will commence domestic operations in Australia, extending to trans tasman shortly thereafter. They are just awaiting Virgin to fall over due to 10 years of terrible management and a lack of capital input from the owners. This is a rumour network right?
To be fair, when an FO told me WIZZ had announced that they were starting operations in Abu Dhabi I met that with similar disbelief!
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