FX Excursions

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WOW Air to Return to the Skies

by Allie Moore

Nov 20, 2019

WOW Air. Photo: Colicaranica | Dreamstime.com

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After going bankrupt in March, Iceland’s low-cost airline that boasted shockingly low fares between the United States and mainland Europe (with a connection in Reykjavik) may take to the skies once again.

WOW air plans to re-launch by the end of 2019, with the first pending route Wow’s former Reykjavik (KEF)–Baltimore (BWI) journey. This route will be fulfilled by only two planes to start, with plans to expand to four by summer 2020.

The ability to fly again comes from WOW’s agreement to operate with an American operating license and with Michele Ballarin (the buyer) as a 49 percent owner of the company. Because Ballarin is not a citizen of Iceland, WOW will officially be an Icelandic company.

As part of the new agreement, the airline will receive $85 million to restart operations and, according to Ballarin, a new operations model that may involve moving away from the low-cost fares that gave WOW its allure. The new model would offer passengers higher-end services like lounge access, biometric boarding and in-flight meals from Michelin-starred chefs.

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