Tag: WOW
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Most WOW flights on schedule today as Mogensen tries to save the airline
Almost all WOW air flights are on on schedule today as the CEO and founder Skúli Mogensen tries to save the airline from bankruptcy, following the dissolution of negotiations with Icelandair Group yesterday. All WOW air flights from Iceland today were on scheduled this morning except the flight to Gatwick Airport in London. That flight…
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Icelandair stock up 6% after Indigo Partners cancel WOW air negotiations
Shares in Icelandair Group rose by 5,8 percent yesterday, after the company announced that it had again started negotiations to acquire the Iceladic budget airline WOW air. The American private equity firm Indigo Partners, which has a controlling interest in the American Frontier Airlines and Chilean low-cost start-up JetSmart, announced this week that negotiations to…
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Indigo Partners cancel negotiations with WOW air
The proposed investment of Indigo Partners in Icelandic budget airline WOW air has been cancelled. The talks started after WOW air ran into financial difficulties last year. All negotiations between WOW air and Indigo Partners have been cancelled, and WOW air has subsequently started another round of discussions with Icelandair Group. “The parties aim to…
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WOW air to enter into the hotel market
WOW air is expanding its presence in Icelandic tourism market with plans to build a new hotel in Kópavogur, just south of the capital Reykjavík. The airline, which was founded in 2011, describes itself as “the airline with the biggest smile and lowest prices”. Currently serving 23 destinations in Europe, the USA, and Canada, the…