Iceland's WOW air has re-entered talks with rival carrier Icelandair for the acquisition of the struggling low-cost carrier. The decision to re-enter the talks with Iceland's main carrier came after Indigo Partners, owner of numerous low-cost carriers such as America's Frontier Airlines and Hungary's WizzAir, ended discussions with WOW. In a statement released this week, WOW air stated that Indigo Partners had canceled its proposed investment and discussions had ended. The amount of the proposed investment by Indigo Partners was…
Icelandair CEO Bogi Nils Bogason was confirmed into his position in December after replacing former president and CEO Björgólfur Jóhannsson in an interim appointment in August 2018. Since 2010 Bogi Nils had held the position of Chief Financial Officer of the Icelandair Group, a role he had also held from…
Icelandic ultra-low-cost carrier WOW air has returned four aircraft to lessors with two Airbus A330s and two Airbus A320 family aircraft departing Reykjavik earlier yesterday for storage, beginning the process of returning to their lessors. The move comes as a letter to bondholders from the airline's CEO and Founder Skuli Mogensen…
One of the fastest-growing markets that the commercial aviation industry has seen flourish in recent years is Iceland. Now, a traditional carrier made a move on its newest competitor, WOW Air and has presented a share purchase agreement to control the budget-long haul operator. As consideration for the shares, the…
Coming off a disappointing summer season where the airline missed their revenue target and saw their CEO Björgólfur Jóhannsson step down as a result, Icelandair has announced a shift in its traditional overall route structure, as well as changes to individual markets in both continents, that will appear on its…
The term “flag carrier” received new meaning as Icelandair unveiled its latest special livery, called “flag,” to celebrate an important anniversary for its home country of Iceland this year. The tri-color red, white and blue fuselage of its newest Boeing 757-300, registration TF-ISX, represents the colors of Iceland’s flag and…
Following the success of the Boeing 757-200, the Boeing 757-300 was originally launched in 1996 as a way to provide a narrowbody alternative to the Boeing 767-200 and McDonnell-Douglas MD-10. The aircraft would have the same wingspan and height as the Boeing 757-200 but a 23.4-foot longer fuselage would allow…
In its continued battle against low-cost carrier WOW air, Icelandic national carrier Icelandair resumed service between Reykjavik and San Francisco on Friday, June 1. It's been ten years since the airline flew to the Northern California city, and with a duration of approximately nine hours, it regains its title as…
With tourism in Iceland growing exponentially in popularity among Americans, so have flights to and from the island nation. Historically, the country’s flag carrier Icelandair has been provided the bulk of the service from Iceland to the United States, as it has the home-field advantage and a singular hub. However,…
In the evening of May 24, a bright purple Airbus A330-300 touched down at Dallas-Fort Worth International Airport. The aircraft, registered TF-WOW, is one of two of the type flying for Icelandic low-cost carrier WOW air. After taxiing into the Terminal D ramp, pilots tucked the aircraft into a hardstand…
