WOW Air enters restructuring process

Photo: © Rosedale7175

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.

This is a part of necessary restructuring of the airline and to ensure maximum utility of its remaining fleet.WOW Air

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.

Update as of November 29th, 2018:
Icelandair has now cancelled its agreement made on November 5th to purchase WOW Air.

WOW Air now operates only one remaining Airbus A330-300 and 15 A320 family aircraft (A320neo, A321 & A321neo).

Read more: Icelandair cancels takeover of struggling WOW Air