Wizz Air : Outperform vs Neutral - Confidence expressed on GTF despite the lack of visibility
>Confidence expressed on GTF despite the lack of visibility - At its CMD, WizzAir (second-largest client for GTF after Indigo, with 200 active engines) gave a lengthy recap on the issues affecting the engine and the risks linked to the grounding of a share of the fleet. Whilst visibility remains limited for the time being (an update from P&W on the second phase of the inspection is expected at the end of October), the tone remained confident despite the clearly expre...Wizz Air Holding is a European airline. As of Mar 31 2017, Co. provided more than 500 routes from 28 bases, connecting 141 destinations across 42 countries. Co. has two reportable segments: the airline and the tour operator business units, marketed under the Wizz Air and Wizz Tours brand names, respectively. Wizz Air sells flight tickets and related services to external customers and, to an extent, to Wizz Tours. Wizz Tours sells travel packages to external customers covering the network of Wizz Air.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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