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....
The United States, European Union, Iceland, and Norway sign an agreement, removing time constraints on aircraft wet leasing. ...
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....
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....
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?...
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....
The question of investment into Wow Air has come back to the initial name on a list - Icelandair. Both Icelandic companies confirmed the news, noting that discussions were revived as a third potential investor - Indigo Partners - pulled out from negotiations....
Indigo Partners investment into Wow air could mean a $75 million financial boost for the Icelandic carrier....
And so the inevitable happened. On December 13, 2018, Icelandic ultra low cost carrier WOW air confirmed it is entering restructuring, cutting fleet almost by half and laying off hundreds of its employees. The airline notes it is a temporary measure while discussions with potential investor Indigo Partners progress....
Icelandair Group has walked away from its plan to take over home-based Wow air. In an unexpected announcement on November 29, 2018, the Group stated that the acquisition of the budget carrier, based on a purchase agreement that was signed just three weeks ago, has been cancelled....
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_crop.jpg "Stored Wow Air jets riddle grounding by lessors")
_crop.jpg "Icelandair back on track to acquire Wow Air")
_crop.jpg "Wow air, Indigo Partners talk $75 M investment")
_crop.jpg "WOW Air hangs by a thread: to cut fleet, layoff hundreds of staff")
