WOW Air has ceased operations, all flights cancelled and filing for bankruptcy

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Re: WOW Air has ceased operations, all flights cancelled and filing for bankruptcy

Post by TLspotting » 04 Apr 2019, 21:53

Skúli Mogensen, ex-CEO and key managers of WOW air want to restart the airline, with $40 million needed.
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Re: WOW Air has ceased operations, all flights cancelled and filing for bankruptcy

Post by TLspotting » 05 Apr 2019, 21:18

WOW air founder Skuli Mogensen is seeking US$40 million to resurrect the defunct carrier and launch to 13 European destinations by the end of June 2019, and later to the US. The fleet would consist of seven aircraft by spring 2020 and 10 by 2021, initially operating for EU carriers on lease contracts. Skuli, et al, aim to own 51% of the venture.

https://www.aviation24.be/airlines/wow- ... e-airline/
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Re: WOW Air has ceased operations, all flights cancelled and filing for bankruptcy

Post by Passenger » 06 Apr 2019, 22:07

TLspotting wrote:
05 Apr 2019, 21:18
WOW air founder Skuli Mogensen is seeking US$40 million to resurrect the defunct carrier and launch to 13 European destinations by the end of June 2019, and later to the US. The fleet would consist of seven aircraft by spring 2020 and 10 by 2021, initially operating for EU carriers on lease contracts. Skuli, et al, aim to own 51% of the venture.
If mr Mogunsen has 40M himself to invest, he should have invested that into WOW Air 1.0. Mabe it wasn't enough to save the airline, but at least he would have avoided a few Thousand stranded passengers.

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Re: WOW Air has ceased operations, all flights cancelled and filing for bankruptcy

Post by TLspotting » 08 Apr 2019, 20:22

Interview of the ex CEO Skúli Mogensen (in Icelandic) : http://www.ruv.is/frett/eitt-leiddi-af- ... kkud-hratt
Passenger wrote:
06 Apr 2019, 22:07
If mr Mogunsen has 40M himself to invest, he should have invested that into WOW Air 1.0. Mabe it wasn't enough to save the airline, but at least he would have avoided a few Thousand stranded passengers.
I personally think he's too crazy to do so, WOW air 2.0 can be VLM Airlines 2.0, so nearly 1 year of ops and then finally second demise.
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Re: WOW Air has ceased operations, all flights cancelled and filing for bankruptcy

Post by TLspotting » 12 Jul 2019, 13:38

WAB air, a new Icelandic airline succeeding to WOW?

https://www.aviation24.be/airlines/wow- ... ng-to-wow/
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Re: WOW Air has ceased operations, all flights cancelled and filing for bankruptcy

Post by TLspotting » 17 Jul 2019, 08:07

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Re: WOW Air has ceased operations, all flights cancelled and filing for bankruptcy

Post by sn26567 » 26 Jul 2019, 23:04

WOW air to be resurrected by US businesswoman Michele Ballarin, after her company USAerospace Associates purchased the flight operation assets of the bankrupt airline. USAerospace will own 49% of the revived airline, which is backed by US$85-100 million in capital. The fleet will initially consist of three A321neos, increasing to 10-12 Neos within 24 months. Ballarin also plans to brings two freighters to Iceland, but not under WOW.
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Re: WOW Air has ceased operations, all flights cancelled and filing for bankruptcy

Post by sn26567 » 01 Aug 2019, 21:10

sn26567 wrote:
26 Jul 2019, 23:04
WOW air to be resurrected by US businesswoman Michele Ballarin, after her company USAerospace Associates purchased the flight operation assets of the bankrupt airline. USAerospace will own 49% of the revived airline, which is backed by US$85-100 million in capital. The fleet will initially consist of three A321neos, increasing to 10-12 Neos within 24 months. Ballarin also plans to brings two freighters to Iceland, but not under WOW.
False alarm!

WOW Air liquidator says the agreement to sell the carrier’s assets to Michele Ballarin and her company Oasis Aviation Group (US) has been cancelled and may be renegotiated. Other parties are interested and talks are in progress.
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Re: WOW Air has ceased operations, all flights cancelled and filing for bankruptcy

Post by sn26567 » 14 Aug 2019, 10:40

WAB air is now officially in the beginning stages of establishing operations, with hiring having already commenced. The startup is seeking to raise €30 million from Icelandic banks and afterwards the plan is to head to Switzerland to close the financing. First flight planned for autumn 2019.
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Re: WOW Air has ceased operations, all flights cancelled and filing for bankruptcy

Post by TLspotting » 09 Sep 2019, 20:11

A resurrection for bankrupt WOW Air ?

https://www.aviation24.be/airlines/wow- ... -bankrupt/

Who's gonna be first ?
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Re: WOW Air has ceased operations, all flights cancelled and filing for bankruptcy

Post by sn26567 » 09 Oct 2019, 23:31

WOW air's relaunch has been delayed until December 2019. The carrier intends to place new aircraft orders in 2Q 2020.
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Re: WOW Air has ceased operations, all flights cancelled and filing for bankruptcy

Post by sn26567 » 29 Oct 2019, 21:12

sn26567 wrote:
09 Oct 2019, 23:31
WOW air's relaunch has been delayed until December 2019.
WOW air now plans to launch in a few weeks, flying cargo flights between Keflavik and Washington DC. No further details were announced.
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Re: WOW Air bankruptcy and its aftermath

Post by TLspotting » 05 Nov 2019, 21:32

WOW air new airline wants to go "fishing".

WAB air meanwhile, has other plans. Rebrand as "PLAY" and fly from 2020.

https://www.aviation24.be/airlines/wow- ... omes-play/
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