The company said: "The outlook for Wizz Air's business remains extremely positive and unaffected by the decision not to proceed with an IPO".
I'm not trying to bash the people at the labels, but it does seem like the senior executives at the majors have said 'we give up, let's just make some money on the Spotify IPO, then go home and let the next generation sort it out".
Clothing retailer Fat Face also pulled IPO plans in May, blaming market conditions.
But on Monday it said it had decided "not to proceed with an IPO at this stage, due to the current market volatility in the airline sector".
Despite Wizz Air's decision to ground its current IPO plans, the London stock market is still facing a record year for initial public offerings.
This was in a bid to concentrate on his own brand, which has majority investment from Louis Vuitton parent company LVMH, with the eventual end point an IPO.
GSK has hired Citi, Goldman Sachs and Morgan Stanley as advisers on an initial public offering (IPO) for ViiV Healthcare, which analysts have said could be valued at around £15bn.
Yahoo said Tuesday it had agreed to reduce the number of shares it is required to sell at the IPO to 140m shares from 208m shares.
The company said it is committed to returning at least half of the after-tax IPO proceeds to shareholders.
Pushing Spotify to an IPO is what most of the senior executives at the major labels are concerned with, which might be something to do with the fact that they own a piece of Spotify, and will participate in that IPO.
Witty, under pressure over disappointing financial performance, set out the path for the potential ViiV IPO as Glaxo announced fourth-quarter revenues down 8% to £6.19bn, in line with market forecasts.
