Wow Air cancels flights amid fears of possible collapse
Wow Air has cancelled its morning flight from Gatwick to Reykjavik as fears grow of its imminent collapse. Last week a US investment group broke off talks about a rescue for the financially troubled airline. Talks resumed Wednesday with Wow Air’s rival, Icelandair, about a takeover. But Sunday evening the potential rescuer announced: “Icelandair Group has decided that its possible involvement in Wow Air’s operations...will not materialise.” Later, the CE of Icelandair Group, Bogi Nils Bogason, said: “The financial position and operations are such that we did not see any reason to continue.” Wow Air has also cancelled trips from Reykjavik to Chicago and Pittsburgh Monday, with links to Brussels and Barcelona grounded Tuesday. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-03-26/unaligned/wow-air-cancels-flights-amid-fears-of-possible-collapse
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Wow Air cancels flights amid fears of possible collapse
Wow Air has cancelled its morning flight from Gatwick to Reykjavik as fears grow of its imminent collapse. Last week a US investment group broke off talks about a rescue for the financially troubled airline. Talks resumed Wednesday with Wow Air’s rival, Icelandair, about a takeover. But Sunday evening the potential rescuer announced: “Icelandair Group has decided that its possible involvement in Wow Air’s operations...will not materialise.” Later, the CE of Icelandair Group, Bogi Nils Bogason, said: “The financial position and operations are such that we did not see any reason to continue.” Wow Air has also cancelled trips from Reykjavik to Chicago and Pittsburgh Monday, with links to Brussels and Barcelona grounded Tuesday. <br/>
