AS-IP Tech Inc (IPTK)

[MJAM2020]

$IPTK Our Launch partner Wizz Air seems to be flush with cash.

"I thought Wizz Air didn’t need money?

It doesn’t.

Wizz Air is the financially strongest airline in Europe. As I mentioned in our Lufthansa article on Saturday, an analyst report from Citi last week estimated that Wizz has enough cash in the bank to survive for 22 months without flying. This assumes that it repays all outstanding ticket holders IN CASH and continues to pay all of its bills on time.

Wizz Air is borrowing a potential £300 million from the UK Government because it is dirt cheap money. It has no need for the funding. The money will, most likely, to be used to repay more expensive bank and bond debt."


https://www.headforpoints.com/2020/04/28/wizz-air-gets-a-300-million-uk-government-bailout/