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echo: aviation
to: All
from: Aviation HQ
date: 2019-03-28 20:44:48
subject: WOW Air stops all operations and declares bankruptcy

Low cost airline WOW Air immediately ceases all flights. Where the measure
initially seemed temporary, it is now definitely over and out for the
Icelandic airline. Thousands of travelers have been affected. WOW Air calls
on travelers to arrange alternative transportation or to submit a claim to
the trustee.
 
WOW Air has been in financial trouble for a long time. Discussions with
Icelandair and investment company Indigo Partners broke down, resulting in
an emergency meeting with creditors last Monday. It was decided there to
convert part of the debts into shares. On Thursday morning, WOW Air first
reported that the cancellation of the flights had to do with some
formalities, but a new update makes it clear that the airline is throwing
in the towel.
 
The airline started in 2011 and attacked direct competitor Icelandair by
offering low-cost flights to Iceland and then to North America. However, in
recent months it turned out that the arms race was not profitable. As a
result, routes were canceled and aircraft and personnel were divested.
 
Icelandair offers travelers who are stranded due to the fall of WOW Air the
opportunity to fly back home at a considerably reduced rate.
 
If you have a ticket with travel dates between 28 March and 11 April 2019
and are abroad, you can book a ticket with a discount at Icelandair to
still be able to fly home. "It's only about that specific group of
travelers," a spokesperson emphasizes. A ticket between European
destinations and Iceland is available from 60 dollars, a flight between
Europe and North America costs 160 dollars.
 
To make use of the emergency solution, travelers can fill in a form on a
special webpage that Icelandair posted. The discount applies to flights
departing from Schiphol, Brussels, London, Copenhagen, Frankfurt, Berlin,
Dublin, Paris, Hamburg, Glasgow, Helsinki, Oslo, New York, Washington,
Boston, Toronto and Edmonton.

--- D'Bridge 3.99 SR41
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SOURCE: echomail via fidonet.ozzmosis.com

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