WOW air founder and former CEO, Skúli Mogensen, is reported to be seeking up to $40 million to finance a new company, NewCo, which would purchase WOW air’s remaining assets, including the WOW brand, and resume flying from Keflavík Airport to 13 destinations in Europe and North America by the end of June. Icelandic newspaper, Fréttablaðið, has reported the information quoting an investor presentation from April 3. The newspaper reports that Skúli and other “key figures” would own a 51% share in the new company, while investors would have a 49% stake. Skúli would become CEO. The investor presentation states
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