• More WOW-misery

    From Aviation HQ@2:292/854 to All on Thu Dec 27 15:33:05 2018
    The ailing Icelandic price fighter WOW Air has signed a deal with Air Canada for the sale of four Airbus A321s. WOW Air is in urgent need of money, and sells half of its aircraft.

    The four A321s will be flown to Canada in January 2019. As a result of the sale, WOW Air's liquidity improves by twelve million dollars, according to the airline company.

    WOW Air hopes to be financially sound again with a fleet of eleven aircraft. In addition to the four A321s, two A320s and all three A330s also leave the fleet.

    As a result of the downsizing, a number of services will be discontinued and 111 employees will lose their employment.

    --- D'Bridge 3.99 SR40
    * Origin: AVIATION ECHO HQ (2:292/854)