Rumors has it that Skúli wishes to start a brand new Company on the ashes of the deceased Wow, like the phenix...a mythological creature....
He obviously has the same “dream team” in mind to lead it: those who managed it so well so far and caused a pitch dive to make a 737 max blush .
Newspaper article states the Unions allegedly compensated the employees: let me reassure you that IFF has not! But hey, how to blame them? “They have their hands full...”
On some sort of a Stockholm syndrome the “usual suspects” on workplace keep on cheering and clapping: BOHICA! ( google it up ,in case you are not familiar).
I will not entertain a disquisition on ethics or integrity: we are way past that! Just a short reminder of a simple arithmetic principle:
Commutative property of addition: Changing the order of addends does not change the sum.
Skúli Mogensen, once the CEO of the failed WOW Air airline, is now seeking investors in order to start a new airline, tentatively called NewCo.
Frettabladáiđ was first to report on the matter, their source material being an investment proposal dated yesterday. While WOW Air West bankrupt just á week ágó. Skúli is already looking for up to 40 million USD in investment cash to get his new company off the ground.
The company, tentatively called NewCo, is planned to be a budget airline, much like WOW Air was. Apart from Skúli, other key executives from WOW are also a part of the project.
The presentation states that they have already sought an airline operators license and hope to begin with five airbuses; four A321s and one A320neos. They aim to be flying between Keflavík International Airport and 13 destinations in Europe and North America: London, Paris, Amsterdam, Berlin, Copenhagen, Dublin, Tenerife, Alicante, Frankfurt, Barcelona, New York, Baltimore and Boston.
Should this come to pass, Skúli and his key executives would retain 51% control of NewCo, while the investors ponying up the capital would collectively own a 49% stake.
The news has been puzzling to many Icelanders across social media, especially in light of WOW Air’s bankruptcy, and the resulting in the termination of 1100 employees and counting. Many of these workers have subsequently been compensated by labour unions, rather than by Skúli.
How and whether this new company will get off the ground remains to be seen.
Pay us our F****g salaries instead of playing monopoly and going on television, will ya’!