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Collapse of WOW Air will dent Iceland’s economic growth, cause losses in banking system: central bank

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Collapse of WOW Air will dent Iceland’s economic growth, cause losses in banking system: central bank GlobeBusiness

JOEL SAGET/AFP/Getty Images

WOW Air, which had 1,000 employees, halted operations and cancelled all future flights on March 28 after efforts to raise more funds had failed. “The shocks that have struck recently are highly unlikely under current conditions to jeopardise the stability of the financial system,” it said.

 

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globebusiness I am sure the a/c lessors didn't need the airplanes to make up for the loss of 737 max's.😉

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