WOW Air returns aircraft to lessor
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WOW Air returns aircraft to lessor
Apparently a planned sale and leaseback operation didn't go through, leaving WOW Air short of 25M USD and unable to fulfil their financial obligations. As a consequence thereof, they've had to return 4 aircraft to lessors; 2 x A330 and 2 x A320.
Not a good sign ...
http://standbynordic.com/wow-returns...n-cash-crunch/
Not a good sign ...
http://standbynordic.com/wow-returns...n-cash-crunch/
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Icelandair pulls out
Things getting worse for Wow today; Icelandair has pulled out of its planned acquisition.
This can only damage the airline's prospects further, as creditors, investors and potential (and indeed, existing) customers ask why FI has decided to pull out.
https://www.flightglobal.com/news/ar...keover-454008/
This can only damage the airline's prospects further, as creditors, investors and potential (and indeed, existing) customers ask why FI has decided to pull out.
https://www.flightglobal.com/news/ar...keover-454008/
Last edited by akerosid; 29th Nov 2018 at 09:52. Reason: Further comment
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Well they have a looming deadline February 28th... If they make it past that time, strikes in Iceland in March and April may finish them. No airplane “returned to lessor” (or repossed) has been deregistered in Iceland, so lessors are probably still writing monthly bills.