Former WOW Air executive planning to launch all-new Icelandic based airline, PLAY

Nov 5, 2019

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Following the collapse of Iceland-based ultra-low cost airline WOW Air earlier this year, a former executive of the now-defunct airline has announced plans to launch an all-new Icelandic airline called PLAY, with ticket sales to apparently commence later this month, and operations next year.

Arnar Már Magnusson, who was Vice President of Operations at WOW Air, will head up the new venture, as announced at a press conference in Iceland earlier on Tuesday. He plans to commence operations next year, with two Airbus A321 aircraft, from Reykjavik’s main Keflavik Airport (KEF) initially to six different European destinations. Later in 2020, PLAY plans to also fly to North America, connecting passengers both to and from the popular but highly seasonal tourist destination of Iceland, as well as between Europe and North America, as Icelandic Air already does, and WOW Air did before it ceased operations. PLAY has plans to grow to 10 aircraft within three years, which was the same fleet size as WOW Air.

The new venture does not yet have an operating certificate so remains subject to significant regulatory approvals, though this morning they announced they have already received around £30 million in funding, primarily from overseas investors according to local media.  PLAY’s website is already live at flyplay.com.

This new venture is separate from the plans of eccentric U.S. businesswoman Michele Ballarin to relaunch WOW Air as a cargo-only airline. which was previously reported by TPG. That airline is currently scheduled to commence flights next month. When and if ‘WOW 2.0’ commenced operations, this will be separate from the PLAY concept.

Featured image from PLAY Facebook page.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.