WOW air sells four aircraft to Air Canada

Iceland’s WOW air has signed a sale and purchase agreement with Air Canada to sell four A321s that WOW air has had on finance lease since 2014. WOW air’s board of directors has approved the transaction, with delivery of the aircraft in January 2019.

The sale is a part of WOW air’s ongoing restructuring and to ensure the maximum utilization of its remaining fleet. This deal will improve WOW air’s liquidity by more than US$12 million.