Wizz Air (W6, Budapest) is rumoured to have appointed Barclays, Citigroup and JPMorgan Chase to manage its initial public offering tentatively due on the London FTSE bourse during the second half of this year. The Hungarian carrier, Eastern Europe's largest LCC, is facing heightened competition in some of its markets from Europe's largest LCC, Ryanair (FR, Dublin International), who have aggressively pushed into Eastern Europe's market with the addition of more bases.