News

Wow – Now It’s Time to Play!

Wow – Now It’s Time to Play!

Play, the new Icelandic airline founded from the bankruptcy of budget airline Wow Air, will initially fly to six destinations in Europe: Alicante, Berlin, Copenhagen, London, Paris, and Tenerife. More destinations will gradually be added, including four North American cities next year.

Play will change Wow’s fuschia colour to red. COO Arnar Már Magnússon said that the colour red was chosen to represent passion as well as Icelandic nature.

The airline has already negotiated slots and service hours with airports in the six cities and has secured a deal on fuel with BP, with a fixed price for six months.

Play will add four more aircraft to its fleet in May next year, two more a year later, and by May 2022 Play plans to operate a total of 10 aircraft.

The airline expects to secure an operating license as soon as funding is completed. Play hopes to raise ISK1.7 billion from private investors in Iceland. The airline has secured debt financing with the British investment fund Athene Capital to an amount of ISK 5.5 billion.

The Sunday Business Post has reported that Irish fund Avianta Capital, owned by Simon Whittley and Aislinn Whittley-Ryan, niece of Tony Ryan, has invested €35.6 million for a shareholding in Play, “reflecting a 75% ownership of the airline”.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, editor and proofreader for 53 years, and ITTN's News & Features Editor for 43 years. His travel blog is at www.thetravelbuddhist.com.

More in News

ITIC: Irish Government’s ‘Path Ahead’ Plan Flawed and Weak

Fionn DavenportFebruary 25, 2021

European Tourism United in Call for Summer Restart Plans

Fionn DavenportFebruary 25, 2021

Thailand Accelerates Measures to Welcome Tourists by Q3

Fionn DavenportFebruary 25, 2021

Emerald Cruises Extends Super Earlybird Offer

Fionn DavenportFebruary 25, 2021

Spain Considers Vaccine Passports for Summer Visitors

Fionn DavenportFebruary 25, 2021

Airline Industry to Remain ‘Cash Negative’ Through 2021: IATA

Fionn DavenportFebruary 25, 2021

St. Pete Beach named America’s #1 and World’s #5 Best Beach in Tripadvisor Awards

Michael FloodFebruary 25, 2021

Princess Cruises Cancels Select 2021 Alaska, Canada & New England and Pacific Coastal Sailings

Fionn DavenportFebruary 25, 2021

ittn Launches ittn Ireland

Fionn DavenportFebruary 24, 2021

Copyright © 2021 ittn