Icelandic budget airline WOW air has entered into advance discussions with bond holders and creditors about converting debt into equity, according to a press release issued by the airline last night. “A majority of WOW air Bond Holders and other creditors of WOW air are in advance discussions with …
Almost all WOW air flights are on on schedule today as the CEO and founder Skúli Mogensen tries to save the airline from bankruptcy, following the dissolution of negotiations with Icelandair Group yesterday. All WOW air flights from Iceland today were on scheduled this morning except the flight to …
The proposed two-day strikes of labor unions Efling and VR could cost tourism companies in Iceland up to half a billion króna, according to Jóhannes Þór Skúlason, director of the Icelandic Tourism Association. A new round of strikes has been announced for next Thursday, when employees of hotels and bus …
Shares in Icelandair Group rose by 5,8 percent yesterday, after the company announced that it had again started negotiations to acquire the Iceladic budget airline WOW air. The American private equity firm Indigo Partners, which has a controlling interest in the American Frontier Airlines and Chilean low-cost start-up JetSmart, …
The proposed investment of Indigo Partners in Icelandic budget airline WOW air has been cancelled. The talks started after WOW air ran into financial difficulties last year. All negotiations between WOW air and Indigo Partners have been cancelled, and WOW air has subsequently started another round of discussions with …
Statistics Iceland has published the annual population number updates for January 1 of 2019. According to SI, the population of the northeastern region Þingeyjarsýsla has fallen from 5320 in 2018 to 5088 this year. This year’s number is though higher than all years prior to 2018 when looking at …
Jökull Gunnarsson, who took over as CEO of the Bakki plant last fall, has announced that he will step down for personal reasons as CEO of PCC BakkiSilicon next month. Jökull has stated that he is leaving for personal reasons, and not because of ongoing technical problems at the …
Taking place over the course of one evening in a typical English pub, Jim Cartwright’s play Two features fourteen diverse characters played by seven local actors, as various members of the local community pull up a stool and let us into their lives. The Húsavík Theater Company will premiere …
Plans to build a new 60-room nursing home in Húsavík have been announced. The project is a joint effort of the Icelandic government and four municipalities in the Northeastern region of Iceland. The estimated cost is just over two billion króna. The four municipalities currently run the The four …
Landsvirkjun, the national power company of Iceland, has announced that it will finish the construction of Þeistareykir road, connecting Húsavík and Lake Mývatn. The power company started the building of the road from Húsavík to service its new power station at Þeistareykir. “The new road will open more possibilities …
