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Primera Air

Bonds remain a sticking point for WOW’s future

17 December 2018 By Seth Miller Leave a Comment

TF-WOW, now returned to its lessor, departing Amsterdam in August 2018 (By Nicky Boogaard via Flickr/CC-BY 2.0)

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.

This story is about: bankruptcy, Frontier, Icelandair, Indigo Partners, LCC, LCCs, merger, Primera Air, routes, TATL, transatlantic, Wizz Air, WizzAir Filed Under: Airplanes and Airports

WOW loses Icelandair as suitor and savior, future uncertain

29 November 2018 By Seth Miller 4 Comments

TF-WOW, now returned to its lessor, departing Amsterdam in August 2018 (By Nicky Boogaard via Flickr/CC-BY 2.0)

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.

This story is about: bankruptcy, Iceland, Icelandair, LCCs, merger, Primera Air, WOW Air Filed Under: Airplanes and Airports

WOW wins as it faces mounting troubles

27 November 2018 By Seth Miller Leave a Comment

TF-WOW, now returned to its lessor, departing Amsterdam in August 2018 (By Nicky Boogaard via Flickr/CC-BY 2.0)

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.

This story is about: Aer Lingus, bankruptcy, CAPA, Iceland, Icelandair, merger, Primera Air, WOW Air Filed Under: Airplanes and Airports

Primera halts operations effective immediately

1 October 2018 By Seth Miller Leave a Comment

Primera Air’s Transatlantic LCC efforts sank the company. Small but stable in delivering European charter services, the carrier sought something more. It wanted the grandeur of being a transatlantic operator. Instead it is closing up shop tonight.

This story is about: bankruptcy, LCC, LCCs, London, Primera, Primera Air, Stansted, STN, TATL Filed Under: Airplanes and Airports

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