Northern Pacific Airways is taking a somewhat unusual approach to funding ahead of its expected launch later this year. The carrier is running an open call to unaccredited investors, hoping to boost its visibility in the market, as well as its cash balance.
Viasat is making a lot of money, even though it cannot add new users to its core satellite offering today. But the company is not shying away from aircraft additions, with hundreds more anticipated over the next couple years.
Icelandair can once again claim in-flight wifi availability on 100% of its flights. The carrier’s 737 MAX fleet, fitted with Ka-band satellite connectivity from Viasat, began activation earlier this year and will accelerate thanks to a recently received certification on the MAX 9.
A new low cost carrier is set to fly in Iceland. PLAY airlines intends to launch sales before the end of the year, connecting passengers between Keflavik and European destinations. The company expects to expand to North American destinations in Spring 2020, using Iceland as a hub to connect passengers between the two continents.
As detials on the new WOW Air plans emerge the business model remains an interesting proposition. With a heavy focus on cargo in a softening market and premium passenger experiences with low fares it is unclear how this company will truly deliver for its investors.
Massive expansion costs are set to give way to recurring revenue growth. That is the message Viasat delivered as it issued is most recent earnings numbers this week. Even as the company pushes forward with the build-out of its new ViaSat-3 constellation with dramatically more bandwidth and geographic coverage, it hopes to convert the existing capacity into new deals and new subscribers, with a significant push into new inflight connectivity markets, among other areas.
WOW Air is no more. After multiple failed attempts to secure additional funding to continue operations the Icelandic LCC formally ceased operations Thursday morning.
The future outlook for Icelandic LCC upstart WOW Air is more bleak than ever. No one wants to touch the operation, it would seem.
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.
With the bulk of the global 737 MAX fleet grounded the impact to passengers is very real. Canceled flights, delays and rebookings will affect hundreds of thousands of travelers each day. Inflight connectivity providers will also be impacted as their systems are grounded.