Wow Air still in need of rescue after Indigo walks away
Wow Air, struggling to avoid bankruptcy, is now in “advance discussions” about a financial restructuring arrangement with bondholders and other creditors.
The aim of the talks is to reach a deal in which creditors would agree to covert the funds owed to them into equity in the airline.
Two potential investors walked away from Wow last week. On Thursday, Wow said private equity firm Indigo Partners ended talks that had been ongoing since November. Indigo is a lead investor in several budget airlines, including Frontier,
Hungary’s Wizz Air, Mexico’s Volaris and Chile’s JetSmart. In December, Wow said Indigo was contemplating investing up to $75 million.
Computer outage at airlines across US cause long lines, delays
A computer glitch is causing check-in delays for thousands of air travelers across the United States and Canada on Tuesday.
Sabre, a company that airlines use for reservations, printing bag tags and check-in, was experiencing computer issues, according to airline officials, and that is affecting the check-in process at multiple airports.
Sabre described the problem as “a system issue” that affected some of its customers, but said normal operations were returning Tuesday afternoon.
All lodgings at the Disneyland Resort are reportedly booked up the night before the grand opening of Star Wars: Galaxy’s Edge on May 31, SFGate confirmed. This includes Disneyland Hotel, Disney’s Paradise Pier and Disney’s Grand Polynesian, a booking agent confirmed with the outlet.
The launch of Southwest Airlines service to Hawaii has bargain-hunting travelers jumping for joy, but it’s also raising questions about the long-term impact on a destination where hotel occupancies and room rates are already among the highest in the U.S.
A feeding frenzy among consumers ensued when Southwest announced introductory one-way fares for as low as $49 on its new service, which began in mid-March with twice daily flights between Oakland, California and Honolulu.
The low-cost carrier also plans to expand service from Oakland to Maui on April 7 and to Kona on May 12. Service from San Jose, California to Maui, Honolulu, and Kona is slated to start in May. In addition, Southwest plans on starting inter-island service in Hawaii in April.Add to Flipboard Magazine.