Experience The Skies reported that Icelandair formally purchased chief rival WOW Air (refer to post here) earlier. In the following insight, we will dig deeper into the opportunities and challenges as the new Icelandair Group competes with European and North American airlines for more passengers.
Icelandair Group purchased all the WOW Air shares in a transaction worth about kr$2.17 billion (~US$17 million) in a share exchange. The airline will also assume WOW Air’s debts.
Today’s news digest incorporates features on Delta Air Lines, American Airlines, Norwegian, Etihad Airways, Japan Airlines, New Beijing Airport, Icelandair and PwC. Featured News By Experience The Skies Qatar Airways Debuts New Qsuite Business Class On June 24 – Qatar Airways debuts its new Qsuite business class product which will be the first in the […]
Iceland’s national airline Icelandair announced it will start seasonal service from its hub at Keflavik International Airport (KEF) to Pierre Trudeau International Airport (YUL) in Montréal, Canada.