Air France-KLM has denied rumors that it is in advanced negotiations for the acquisition of East and Central Europe’s leading low-cost carrier Wizz Air, although the purchase of an existing LCC would make sense considering the group’s ambition to expand its budget subsidiary Transavia. Wizz Air is Europe’s fifth-largest LCC, operating 50 Airbus A320s on a network spanning more than 300 routes from 17 bases in nine Central and Eastern Europe (CEE) countries. The airline last ...

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