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WOW air gone - Icelandair buys 'em

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WOW air gone - Icelandair buys 'em

Old 11-29-2018, 07:47 AM
  #11  
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Originally Posted by Big E 757 View Post
There was an SNL skit years ago. It was an advertisement for a change bank. All they did was make change. They didn’t take a cut or charge anything...someone off camera asked how they make money....volume, they said. It was funny. If I knew how to attach YouTube clips, I’d search and see if I could find it.
I found it, but it’s only available for pay...SNL has it locked out of youtube. Well, one guy had filmed it with his phone and posted..not very good quality.
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Old 11-29-2018, 09:02 AM
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The deal is apparently off.

http://https://www.usatoday.com/stor...ff/2147594002/
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Old 11-29-2018, 09:08 AM
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https://www.cnbc.com/2018/11/29/icel...e-wow-air.html

Source: WOW Airlines
Icelandair Group on Thursday scrapped a plan to acquire its Icelandic rival WOW Air, calling into question the next steps for the struggling budget carrier.

Icelandair said the conditions for the share purchase were "unlikely" to be filled by the company's shareholder meeting, slated for Friday.

"This conclusion is certainly disappointing," Bogi Nils Bogason, Icelandair Group's interim president and CEO, said in a statement. "We want to thank WOW Air's management for a good cooperation in the project during recent weeks. All our best wishes go out to the owners and staff of the WOW Air."
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Old 11-29-2018, 01:42 PM
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https://www.prnewswire.com/news-rele...300757948.html

Now, Indigo Partners is going to buy Wow.
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Old 11-29-2018, 03:15 PM
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Wow Air. Always thought that was a killer name by the marketing folks. Ted was pretty cool, but WOW. That says it all...
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Old 11-30-2018, 05:32 PM
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https://www.flightglobal.com/news/ar...crunch-453954/
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Old 11-30-2018, 06:14 PM
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Had a buddy about to leave his current airline in Europe to go there on the a330. What a disaster.
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Old 12-06-2018, 03:50 PM
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Originally Posted by FLowpayFO View Post
Plus Icelandair has over 5 years worth of cash reserves. How this is defined as Icelandair is in financial trouble is beyond me 🤷🏼*♂️
Icelandair had USD $175MM cash on hand at the end of last quarter. Their operating expenses for last quarter were USD $400MM. Their liabilities have grown by USD $195MM in 2018.

Please cite your reference for 5 years' worth of cash reserves; I need a good laugh.
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Old 12-20-2018, 08:50 AM
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Originally Posted by Andy View Post
Icelandair had USD $175MM cash on hand at the end of last quarter. Their operating expenses for last quarter were USD $400MM. Their liabilities have grown by USD $195MM in 2018.

Please cite your reference for 5 years' worth of cash reserves; I need a good laugh.
I see FlowPayFO's logged on quite a bit but not responded to my post. I'd like to know where he came up with this outlandish idea that Icelandair had 5 years' cash reserves, as that's clearly not the case.
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Old 12-20-2018, 03:25 PM
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Originally Posted by Andy View Post
I see FlowPayFO's logged on quite a bit but not responded to my post. I'd like to know where he came up with this outlandish idea that Icelandair had 5 years' cash reserves, as that's clearly not the case.

Wishful thinking.
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