Icelandic low-cost carrier WOW Air has entered a restructuring process, which involves retiring four aircraft.
The airline is flying four aircraft from its home base, Reykjavik Keflavik Airport, to Tarbes-Lourdes (LDE), Milan Malpensa (MXP) and Shannon (SNN) for storage. Two Airbus A330-300 (TF-WOW and TF-LUV), as well as one A320 (TF-BRO) and one A321 (TF-DAD) are being retired.
Two WOW Air Airbus A330-300 (reg. TF-WOW & TF-LUV) are flying from Reykjavik (KEF) to Tarbes-Lourdes Airport (LDE) right now, possibly for retirement/storage https://t.co/hOy0s2K9EG pic.twitter.com/4hmPYc98VW
— International Flight Network (@FlightIntl) November 27, 2018
WOW Air says these retirements will not affect its plans to introduce flights to Delhi, India, scheduled to launch later this year.
The airline has since officially confirmed a decrease of sales and liquidity concerns.
Reports say that the planned takeover of WOW Air by competitor Icelandair has been postponed.
WOW Air now operates only one remaining Airbus A330-300 and 15 A320 family aircraft (A320neo, A321 & A321neo).
Jakob Wert is an aviation journalist from Germany. He built up the website IFN.news and is the Editor-In-Chief of International Flight Network.