In late March 2019, Icelandic low cost carrier WOW Air stopped operations. The airline was established in 2011, and from numerous points of view they attempted to recreate Icelandair’s business model.
Shockingly they had some significant stumbles that prompted their definitive demise. Why the carrier fizzled relies upon who you inquire. On the off chance that you ask the pilots, it’s the deficiency of columnists. In the event that you ask the CEO, this is on the grounds that they wrongly ordered A330s. In the event that you ask a great many people, it’s basically in light of the fact that the general plan of action didn’t bode well given the focused scene.
As far back as WOW Air stopped operations there have been gossipy tidbits about the airline making an arrival. It would seem that this is nearer to turning into a reality, however in an unexpected structure in comparison to one may expect.
Media in Iceland is reporting that two former WOW Air executives plan to launch an airline in Iceland this fall, which has the working name WAB Air. In reality the airline will likely have a different name, as “WAB” stands for “We Are Back.”
The plan is for the new airline to at first fly six planes to 14 destinations in Europe and North America. In the following a year they would like to utilize 500 individuals and fly a million travelers, with income more than 20 billion krónur one year from now (~160 million USD).
All in all, where’s the cash coming from? Irish speculation subsidize Avianta Capital has purportedly consented to put something close to 40 million USD in the new aircraft, in return for 75% of the company. Strikingly that store is claimed by the girl of one of the organizers of Ryanair.
The remaining 25% of the company would be owned a company called Neo, which is partly owned by WOW Air’s former head of flight operations, as well as a board member who was also in WOW Air’s former financial analysis department.
Interestingly former WOW Air CEO Skúli Mogensen isn’t involved in this new airline, and that seems to be by design. That’s interesting nonetheless, given that he has been wanting to resurrect the airline as well.
Richie Molaro is one of the most prominent English writers. He is assisted with corporate content marketing and utilizing correctly newsletter. A Bachelor’s degree in marketing and a minimum of 10 years of professional experience in Content creation.