Tag: Wow air

Wow Air: Icelandic airline collapses after failure of investor talks

Wow Air: Icelandic airline collapses after failure of investor talks

Wow Air has become the latest airline to go under after it failed secure funding from investors just over a week since the low-cost carrier saw two negotiations with potential partners fall through. The Iceland-based airline gave a brief statement which said: "Wow Air has ceased operation. All Wo...

Wow Air bondholders agree to convert their debt to equity

Wow Air bondholders agree to convert their debt to equity

Cash-strapped Iceland low-cost carrier Wow Air bondholders have approved the conversion of their debt to equity only days after two potential investors pulled out of talks. This follows the announcement on 24 March by the airline when it said it was in advanced discussions with bondholders about vo...

Icelandair Group ends discussions with Wow Air

Icelandair Group ends discussions with Wow Air

The future of Wow Air looks uncertain after Icelandair Group ended discussions with the low-cost carrier after a day or two of them restarting. Wow Air had entered talks with Icelandair Group on 20 March after previous potential investor Indigo Partners pulled out of investment negotiations the d...

Indigo cancels negotiations with Wow – which restarts discussions with Icelandair

Indigo cancels negotiations with Wow – which restarts discussions with Icelandair

Indigo Partners has cancelled negotiations with cash-strapped Icelandic low-cost carrier Wow Air - who in turn has restarted discussions with the Icelandair Group. Indigo Partners was set to make an investment in Wow and earlier this month both said discussions were continuing in "good faith" and...

Wow Air and Indigo Partners aiming to close investment by 29 March

Wow Air and Indigo Partners aiming to close investment by 29 March

Cash-strapped Iceland carrier Wow Air says discussions with Indigo Partners over an investment continue in "good faith" and they are aiming to negotiate terms while working towards closing a deal by 29 March. The airline added in a statement: "A new written procedure will be submitted to the bond...

Wow Air to restructure and “go back to its roots”

Wow Air to restructure and “go back to its roots”

Cash-strapped Iceland carrier Wow Air said after a challenging year it is now restructuring and simplifying its operations to "return to its roots" as a profitable ultra-low cost airline while discussions with Indigo Partners progress. The carrier will reduce its fleet from 20 to 11 aircraft, all...

Wow Air links Iceland to Asia for the very first time

Wow Air links Iceland to Asia for the very first time

WOW air has expanded its network from Keflavik Airport by launching the Icelandic hub’s first non-stop flight to Asia, with the airline offering services to Delhi (India). Launched yesterday, the service will operate three times weekly using 345-seat Airbus A330-300s, with the route not only of...

Indigo Partners and Wow Air ‘discussions progressing’

Indigo Partners and Wow Air ‘discussions progressing’

Indigo Partners and Wow Air have held meetings this week in Reykjavik, Iceland as the initial steps to a potential Indigo investment after the signing of a term sheet last week. A team from Indigo Partners spent the last two days with the carrier's management to review the business and opportunit...

Icelandair Group to take over budget carrier Wow air

Icelandair Group to take over budget carrier Wow air

Icelandair Group has entered into a share purchase agreement to purchase all shares in budget carrier and Iceland rival Wow air - subject to approval by its shareholders and Icelandic competition authorities. No details of how much the deal was worth has been revealed. As consideration for the sh...

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