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Investegate |Wizz Air Holdings Announcements | Wizz Air Holdings: Director/PDMR Shareholding

Wizz Air swings to deep loss as pandemic grounds planes | 2 June 2021

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New Icelandic Airline Plans June Start After Two-Year Hiatus

(Bloomberg) Iceland will get a new airline next month as startup Play Air seeks to capitalize on the island’s recovery from the coronavirus crisis and inclusion on the U.K.’s green list for quarantine-free travel. The launch of flights to seven European cities from June 24 comes almost two years after Play was first conceived as a successor to Wow Air Hf, with several of its top executives having worked at the defunct discounter. The new venture is planning a rapid listing to raise as much as $20 million to fund U.S. routes. Play Air will launch with a single Airbus SE A321neo narrow-body followed by a further two before the end of July, leased from Dublin-based AerCap Holdings NV and previously operated by Mexico’s bankrupt Interjet. Three more jets will arrive next year to serve American cities and provide a one-stop link between the U.S. and Europe, Chief Executive Officer Birgir Jonsson said in an interview. “People learned a lot from the mistakes that were made at Wow,�

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