29 MarJobs connected to the flight industry and travel services in Iceland will reduce by two to three thousand following the bankruptcy of WOW air. Included are around one thousand people directly working for the airline.
28 Mar "I will never forgive myself for not taking action sooner as it's evident that WOW was an amazing airline and we were on the right track to do great things again," wrote WOW air CEO and owner Skúli Mogensen in a letter to his staff this morning.
26 MarLast night creditors and investors of WOW air met for the third time. The aim was to secure enough signatures to secure a deal to exchange their financial claims against WOW air into shares that amount to 49 percent ownership.
25 MarIcelandair Group has decided that its possible involvement in WOW air’s operations, as announced on 20 March 2019, will not materialize. Therefore, all discussions between the parties have been cancelled.
22 MarThe proposed investment of Indigo Partners LLC ("Indigo Partners") in WOW air has been cancelled by Indigo Partners. Therefore, all negotiations between WOW air and Indigo Partners have been cancelled.
5 Dec A group of people from investment company Indigo Partners are currently in Iceland to discuss the possible acquisition of WOW air with its directors. One of them is Bill Frankie, one of the founders of Indigo Partners and self-crowned king of low cost airlines.
29 NovIcelandair group will not be purchasing WOW air and have cancelled a purchase agreement signed on November 5th. This was a mutual agreement by both airlines. Staff of WOW air have been asked to attend a staff meeting at 10 am this morning.