Sorry I mist that but in reality do you think there will be room for both brands working side by side. Both WOW Air and Icelandair have struggled to maintain what we would consider to be major routes within the UK.
Both were in financial difficulties, albeit it looks like WOW were more precarious. There is only room for one Icelandic carrier and certainly the `Icelandair` name will continue. Integration will be a problem, initially as WOW are Airbus and the Flag Carrier are firmly Boeing. Restructuring and cutting out unprofitable routes and getting rid of moneypit leases on aircraft will certainly be the order of the day.
Indigo Partners has a controlling interest in US low-cost carrier Frontier Airlines, as well as stakes in Hungarian airline Wizz Air, Chilean low-cost start-up Jet Smart, and Mexican budget airline Volaris.
Plans will see the carrier’s fleet reduce from 20 to 11 aircraft, with Wow’s A330 aircraft being returned to lessors, and four A321s being sold “in a transaction that will improve Wow Air’s liquidity by more than 10 million USD”.
Obviously Indigo took one look at the books and walked away. Any deal with Icelandair will be concluded by Monday. Maybe the oil companies have sent them an ultimatum?..Looks like they will have to hand everything over and Iceland will use whats useful and bin the rest..Very sad for the people involved who are always the biggest losers....every sad time.