Tuesday , August 16 2022

Bankruptcy: WOW Air Alone, Germania Buried



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Bankruptcy: WOW Air Alone, Germania Buried

The airline Low cost wow air continue to look for buyers after giving the best to Indigo Partners and Icelandair Group. In Germany, Germania certainly have gone out of business because of lack of investors.

At the airport Reykjavik-Keflavik, Icelandic expert of cheap flights WOW Air increase the number of flight cancellations, particularly on the transatlantic network to Brussels, Barcelona or Milan among others; two of it Airbus A321 locked in Montreal, Canada, and Santa Clara, Cuba, for defaults on leasing companies. What to worry about his future after the announcement on March 24, 2019 of the t withdraw Icelandair negotiations on its repurchase began last November. The group had already given the first fifteen days after opening the talks, but the fund Indigo partners who have already participated in air transport worldwide (Frontier Airlines, Wizz Air, Volaris …). Then she stopped last week; The Icelandair Group made another attempt, but its Sunday message is clear: " its possible contribution In WOW Air's operations it will not happen. As a result, all discussions between the parties are canceled ".

Air WOW explained to the Frettabladid daily that he had started discussions with her. creditors restructuring, including $ 42 million of debt losses recorded in the first nine months of 2018. In a statement of government The Icelandic authorities have said that they are supports the discussions and wishes and is willing to make every reasonable effort to achieve a positive result To maintain the island's air links.

In Germany, Germania, which had given the best action last month, to be buried permanently. Hi " is canceled after all the competitors have come back. We literally introduced the red carpet for those interested. Unfortunately, nobody could get to grips with it The Ruiader Wienberg liquidator said on March 25, 2019. He added that the lack of time " t less than two months to find a solution, causing the problem But also the fact that he did not own any aircraft and that he did not have the money needed to rent them and eventually launched ACMI operations (leased with crew). It is likely that only one candidate had an interest in it air operations Germania, and two others for operations maintain and preserve.

y 1700 employees so the German company will be dismissed; This bankruptcy does not affect the operations of Germany in Switzerland and Bulgaria.

https://www.air-journal.fr/2019-03-26-faillites-wow-air-toute-seule-germania-enterree-5211369.html

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