United Kingdom

Tommy Lund

Norwegian Air punished as investors' worries over virus deepen

27 Feb 2020

OSLO Shares in Norwegian Air plunged a quarter in value on Thursday, leading airline stocks lower as investors bet the debt-laden budget carrier would be the most vulnerable to a coronavirus pandemic.

Sweden's air travel drops in year when 'flight shaming' took off

10 Jan 2020

The number of passengers that flew through Swedish airports dropped 4% in 2019, Swedish state-owned airport operator Swedavia said on Friday, with the drop led by a decline in domestic traffic.

Passengers stranded after Iceland's WOW air collapses

28 Mar 2019

Iceland's WOW air became the latest budget airline casualty on Thursday, halting operations and cancelling all future flights after efforts to raise more funds failed. | Video

WOW air bondholders approve bonds to equity conversion

26 Mar 2019

March 26 Bondholders in WOW air have formally approved to convert their bonds into equity and formal discussions with investors have started, the Icelandic low-cost airline said on Tuesday.

Icelandair buys WOW to strengthen international presence

05 Nov 2018

Icelandair has agreed to buy rival Icelandic airline WOW air from its founder for about $18 million in an all-share deal aimed at creating a stronger international competitor.

The Wow factor in Iceland's role as global transit hub

15 Jan 2018

Icelandic transatlantic budget carrier Wow Air will fly Asian routes later this year, in an expansion that will further boost Iceland's credentials as a global transit hub thanks to its "superior location", the company's founder and CEO said.

World News

China warns UK: 'Dumping' Huawei will cost you

China warned British Prime Minister Boris Johnson on Wednesday that his decision to ban Huawei from the 5G network would cost Britain dearly in investment, casting the move as the result of politicised pressure from U.S. President Donald Trump.