Earlier this week the future for Jet Airways appeared dire. In the intervening days the situation worsened. With only a handful of aircraft flying this weekend, and only on domestic routes, it seems the end is finally nigh. For travelers holding tickets it is (way past) time to seek alternate arrangements. Following the impounding of a […]
bankruptcy
Further troubles for Jet Airways: Collapse appears likely
India’s Jet Airways continues towards its demise as the days without new funding drag on. The latest news has critical services cut off and aircraft impounded. Optimism seems a bad choice at this point.
PaxEx Premium: India inflight internet intentions
Where and when will inflight internet finally take flight in India. A pair of players – Inmarsat and Global Eagle – are leading the charge to deliver connected aircraft in the region. At the Aircraft Interiors Expo in Hamburg last week both vendors provided updates on their efforts, with neither appearing likely to fly in 2019.
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WOW Air halts operations; all flights canceled
WOW Air is no more. After multiple failed attempts to secure additional funding to continue operations the Icelandic LCC formally ceased operations Thursday morning.
Icelandair walks away from WOW. Again.
The future outlook for Icelandic LCC upstart WOW Air is more bleak than ever. No one wants to touch the operation, it would seem.
Indigo walks from WOW Air
How many chances does WOW Air get to survive? Indigo Partners walked away this week, leaving significant uncertainty over the future of the carrier. Further clarity is expected by Monday.
Bonds remain a sticking point for WOW’s future
Can $75 million in loans and direct investment save WOW Air? That’s the amount Indigo Partners appears set to invest, with a lot of strings attached. Interim cuts might keep the carrier alive while it waits to learn of its future.
WOW loses Icelandair as suitor and savior, future uncertain
Thus begins the death spiral of WOW Air.
Icelandair will no longer purchase its struggling neighbor after indicating it “unlikely that all of the conditions in the share purchase agreement would be fulfilled by the shareholders’ meeting on November 30th.” With WOW unable to sort out the conversion of its recently issued bonds and warrants into a form that Icelandair can purchase (for pennies on the dollar) the deal is off. This leaves very little chance of a positive outcome for WOW Air.
WOW wins as it faces mounting troubles
Can a collapsing operation still win awards? For WOW Air the answer is a resounding yes. The CAPA Low Cost Airline of the Year award was announced as the carrier shed 20% of its fleet amid a cash crunch and dropping utilization.
PaxEx Premium: Looking ahead to Global Eagle’s earnings
Two stories should deliver a net boost for Global Eagle headed into Thursday's earnings release. They are not both good news (and one remains unconfirmed), but the positive outweighs the negative significantly.
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