Wow Air is at least the fifth European airline to collapse to since October. Others include Primera Air, Cobalt Air, Flybmi, and Germania.
Unfortunately, the carrier's decision to acquire wide-body Airbus A330-300 jetliners and a move away from its traditional ultra-low-cost business model proved to be a mistake, Wow Air founder and CEO Skuli Mogensen told Business Insider in January.Sadly, the collapse of Wow Air is an old story we've heard before. In fact, no fewer than five European airlines have gone out of business since October.Primera Air was a subsidiary of Icelandic tourism company Primera Travel Group.
Primera Air had been in the process of expanding into the low-cost inter trans-Atlantic airline with a fleet of Airbus A321neo aircraft. The carrier ceased operations on October 2, 2018.Cypress-based Cobalt Air was founded in late 2015 following the shutdown of the country's national airline Cypress Airways earlier that year. Unfortunately, the airline could not sustain its operation financially and shut down on October 17, 2018.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
European markets seen higher amid strong Chinese data; Brexit and data in focusEuropean stocks are poised to open higher Monday morning, as investors in Europe wake up to stronger-than-expected Chinese data.
Consulte Mais informação »
Zuckerberg says he wants strict European-style privacy laws — but some experts question his motivesFacebook CEO Mark Zuckerberg's cry for stricter internet regulation, including widespread adoption of European-style rules, has left some privacy advocates in Europe unimpressed.
Consulte Mais informação »
Can EU end single-use plastics?European Parliament to vote on a proposal to ban single-use plastics that would make drinking through a plastic straw or eating with a plastic fork illegal in Europe, and cause major headaches for the hospitality industry
Consulte Mais informação »
Wow Air, the budget airline that offered $69 flights from the US to Europe, has just collapsed. Here's what it was like to fly on it.Wow Air halted operations on Thursday, stranding thousands of passengers. Here's what it was like to fly on the budget airline.
Consulte Mais informação »
Europe Embraces China’s Xi—WarilyEuropean leaders sought to present Chinese President Xi Jinping with a united front, pressing him for more reciprocity. But with Europe eager for Chinese business, the trip was seen in Beijing as a success for Mr. Xi.
Consulte Mais informação »
Icelandic airline Wow Air collapses and cancels all flightsPassengers are told to go looking for 'rescue fares' from rival airlines.
Consulte Mais informação »
WOW Collapse: Airlines Offer Rescue Fares To Thousands StrandedWOW Air joins the growing ranks of failed budget airlines, leaving competing airlines to try to help return stranded passengers with rescue fares.
Consulte Mais informação »
Travelers stranded after Icelandic airline collapses
Consulte Mais informação »