The new airline, PLAY, draws several members of its launch team from both WOW Air and Icelandic charter and ACMI specialist Air Atlanta. PLAY’s CEO is Arnar Már Magnússon, whose online professional profile shows him as having served as accountable manager and VP operations at WOW Air. Prior to that he was the company’s chief pilot and had earlier been a pilot with Ireland-based LCC Ryanair. In July it was reported that Avianta Capital will invest ISK5 billion ($40 million) in the airline for a 75% stake. The investment fund is owned by Aislinn Whittley-Ryan, daughter of Michael Ryan, who joined Ryanair shortly after it was founded by his brother Tony Ryan
- ATW online -