Iceland

MOM air: from airline to performance art

MOM air, the mysterious Icelandic airline that attracted media attention with its unusual marketing, turns out to be an art project. ...


Iceland’s MOM Air – early April Fool’s joke or marketing trick?

The new airline already announced tickets going on sale on November 9, 2020. Is the launch of MOM Air a practical joke or a marketing move?...


Icelandair Boeing 757-20

Icelandair and AvAir sets partnership on full asset management

Icelandair Group, the owner and holding company of the airline Icelandair, agreed on a full asset management contract with AvAir, the inventory solutions provider for the aviation aftermarket....


Icelandair revenues fall by 85% in Q2

The preliminary financial results of the second quarter of 2020 indicate that Icelandair group’s revenues dropped by 85% in the second quarter of 2020 compared to Q2 of 2019, highlighting the dire state of the industry....


WOW air postpones return to the skies and converts to cargo

After it ceased operations in March 2019, Iceland’s WOW air had planned to resume flight operations sometime in October 2019. With the month nearing its end, the revived carrier gave an update on its goals: trading passengers for fish....


US, EU authorities remove wet leasing time limits

The United States, European Union, Iceland, and Norway sign an agreement, removing time constraints on aircraft wet leasing. ...


‘We Are Back’: defunct WOW air breathes life into new LCC

WOW air, the Icelandic ultra-low-cost-carrier, which ceased operations in March 2019, may soon be ‘coming back’ to the skies, only not in its original form. Two former executives of the airline and an investment fund related to the Ryanair family plan to launch a new low-cost carrier (LCC) on the foundations of the fallen WOW air, under the working name WAB, which stands for “We Are Back”, Icelandic media reports suggest....


WOW Air collapses, passengers left stranded

After going through months of financial difficulty, the low-cost Icelandic airline WOW Air eventually announced on March 28, 2019, that it would cease operations....


Stored Wow Air jets riddle grounding by lessors

After two potential investors called off negotiations, Wow Air is now drafting a further restructuring plan, ought to lead to “long term sustainability”. Meanwhile, have lessors requested the grounding of some of the airline’s planes?...


After intense days, Wow air left looking for way out of trouble

Updated. It has been an eventful couple of days at Wow Air. After months of negotiations it turned out that Indigo Partners will not be making investment into ailing Icelandic ULCC after all. Discussions with Icelandair Group have been revived ‒ and fell through ‒ for the second time within year....