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Air: WOW Air bankrupt



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European air sky mercilessly against companies with weak financial kidneys. Some enterprises have ceased more or less severe operation; it was in the case of Air Berlin, Niki, Air Azur or SkyWork Airlines. Bulgaran Eagle subsidiary of Germania in Sofia, also put the key under the door. In the case of WOW Air, cessation of operations was effective last Thursday, leaving thousands of passengers in the lurch.

WOW Air, based on the Reykjavik-Keflavik airport in Iceland, operated thirty flights, especially between Paris and Montreal. The cost of the company low in trouble for a long time. During the first three quarters of last year, it has shown a loss of 42 million. In spite of the debt restructuring and the reduction of its flights, the company could not do otherwise than declare bankruptcy. Potential investors (Indigo Partners and Icelandair) thrown in the towel.

WOW Air is used 1,000 employees. Abrupt cessation of its activities means that 4,000 passengers stranded in thirty European and American airports had to scramble to find a backup solution. Several competing companies offered their help to support prices, allowing shipwrecked WOW Air discount prices on previously completed the company's lines. compensation mechanisms are also available, without insurance, to restore the full & # 39; the volume, however.

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