WOW Air sells its four Airbus A321 to Air Canada
Keflavik - Troubled Icelandic low-cost operator WOW Air has signed a deal with Air Canada for the sale of its four Airbus A321. WOW Air is currently in a financial bottleneck and sells nearly half of its fleet.
The four A321 (MSN 6232, 6210, 5733, 5681) of the WOW Air will fly to Canada in January 2019 to join the Canada's flag carrier. WOW Air will obtain twelve million dollars from this sale.
The airline said that the downsizing decision from twenty to eleven aircraft is part of an ongoing restructuring plan.
WOW Air hopes to be financially stable again with a fleet of eleven aircraft. In addition to the four Airbus A321aircraft, two Airbus A320 and all three Airbus A330 aircraft were returned to the lessors.
Once the sale is completed, WOW Air's fleet will consist of one A320neo, eight A321ceo, and two A321neo which were already leased from leasing companies.