Wow Air To Cut Fleet Nearly in Half, Lays Off 111 Staff | Aviation International News

Wow Air To Cut Fleet Nearly in Half, Lays Off 111 Staff

The Icelandic low-fare carrier starts a restructuring exercise amid talks of a rescue plan with Indigo Partners.

By Gregory Polek • Senior Editor

December 13, 2018

Iceland’s Wow Air has begun a restructuring exercise that saw it lay off 111 employees on Thursday and lay out plans to reduce its fleet size from 20 to 11 aircraft. The plan calls for Wow to shed all its Airbus A330s and sell four A321s in a transaction it estimates will improve its liquidity position by more than $10 million. The ailing low-fare carrier continues to negotiate a rescue deal with U.S.-based Indigo Partners.

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