In the first round of aiming the new company to take in $ 40 million, according to an investor presentation that the magazine has taken part of.
the new budget airline to perform leasing services for a major european flygaktör to then buy up the Wow Air’s bankruptcy estate, including the brand name, towards the end of June to resume operations with flights to 13 destinations in Europe and the united states from hemmaflygplatsen Keflavik in the icelandic capital Reykjavik.
Skuli Mogensen, and employees will own 51 percent of the new company, while the investor 40 million gives a total holding the remaining 49 per cent. The company expects a positive cash flow in the second quarter of next year. This shall be achieved inter alia by the employees goes down 30% in salary during the first year of operation, according to the presentation.
that they have learned a lesson of what caused the Wow Air’s demise. Among other things, the company will focus more on the sales of value-added services and to drive sales from the own website, according to the newspaper.
the Company was requested of the court on 28 march after the company could not pay the leasing fees to the flygplansuthyrare on a total of 300 million dollars.
