Dieuwer wrote:SRQKEF wrote:Dieuwer wrote:The question now becomes whether another crooked Scandinavian CEO will fool investors and pax alike and start another ULCC that will survive for a couple of years before folding.
I don’t think calling Skuli crooked is fair. Sure, he lost alot of money for his investors, but he also put all his personal money into the company and has almost nothing left after the bankruptcy. His reasons for starting WOW were idealistic and came from a good place. It just wasn’t executed correctly, and the A330s, especially the A330neo’s, along with all the statements about becoming “not just bigger than Icelandair but bigger than SAS”, show he became overambitious.
Really? How about Primera Air. Another Scandinavian airline that folded recently. How about Norwegian? Not in the best financial shape either.
Note how I said “calling Skuli”, as in Skuli Mogensen CEO and founder of WOW air. Primera is a different ballgame, especially as more facts come out after their bankruptcy. Norwegian isn’t exactly crooked, and one can’t forget they’re an old operation that used to operate F50s and 733s in and out of Norway. However, in recent years it seems they’ve gone in a bit over their head. Having said that, I hope they survive.