Mumbai: Iceland-based Wow Air, which introduced Rs 27,000 return fare between India and the US, has decided to pull out of the Delhi route barely a week after its launch. Wow Air, which is set for a change in ownership, has not announced when it will end Delhi flights. However, a report in Iceland Review said that the airline will suspend flights from January 20.
The airline had plans to fly four times a week between Delhi and Reykjavik and offer onward connections to the US. The planned suspension of the route comes as Wow Air negotiates a fund infusion with private equity firm IndiGo Partners. A Bloomberg report on Thursday said the airline plans to lay off 111 employees globally and simplify its operations. This includes a reduction of Wow's fleet to 11 aircraft. IndiGo Partners owns stakes in airlines in Europe, US and Latin America, including Frontier, Volaris and Wizz Air -- all of which operate solely an Airbus A320 fleet.
Wow Air will return all its Airbus A330s planes to the lessors. It uses these planes on the Delhi route and this would result in suspension of the route. According to industry sources, the suspension of the Delhi route is not linked to the demand or market potential of India. The Reykjavik flight has been seeing loads upwards of 80 per cent.
The schedule for December and early January will be unchanged. However, after that, there will be a new flight schedule and Wow Air will contact affected passengers, the Bloomberg report said. The airline did not respond to an email query from the paper.
13/12/18 Aneesh Phadnis & Bloomberg/Business Standard
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The airline had plans to fly four times a week between Delhi and Reykjavik and offer onward connections to the US. The planned suspension of the route comes as Wow Air negotiates a fund infusion with private equity firm IndiGo Partners. A Bloomberg report on Thursday said the airline plans to lay off 111 employees globally and simplify its operations. This includes a reduction of Wow's fleet to 11 aircraft. IndiGo Partners owns stakes in airlines in Europe, US and Latin America, including Frontier, Volaris and Wizz Air -- all of which operate solely an Airbus A320 fleet.
Wow Air will return all its Airbus A330s planes to the lessors. It uses these planes on the Delhi route and this would result in suspension of the route. According to industry sources, the suspension of the Delhi route is not linked to the demand or market potential of India. The Reykjavik flight has been seeing loads upwards of 80 per cent.
The schedule for December and early January will be unchanged. However, after that, there will be a new flight schedule and Wow Air will contact affected passengers, the Bloomberg report said. The airline did not respond to an email query from the paper.
13/12/18 Aneesh Phadnis & Bloomberg/Business Standard
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