Icelandic start-up budget carrier Wow Air has acquired the flight operations and scheduling of its rival Iceland Express.
"The arrangement is not a merger," says Wow Air in a statement on its website. "Wow Air is instead taking control of all Iceland Express flight operations. The company will hereafter fly under the Wow Air brand," it adds.
The carrier, which launched operations with a pair of Airbus A320s in June, says "all obligations to Iceland Express ticket holders will be met. Over the coming days the company will contact the small number of passengers who can expect slight changes to their travel itinerary."
Iceland Express flights will henceforth operate under the Wow Air brand. Iceland Express was founded nine years ago and operated with two A320s leased from Holidays Czech Airlines, a subsidiary of the Central European flag carrier.
"This acquisition will create a powerful Icelandic low-fares airline with new destinations and a lot more flights," says Wow Air.
It adds that frequencies to London and Copenhagen will be "immediately increased", as will services to Berlin during the winter schedule.
For next year's summer timetable, Wow Air says it will fly four Airbus A320s and serve 15 European destinations: London, Copenhagen, Paris, Amsterdam, Barcelona, Milan, Zurich, Stuttgart, Dusseldorf, Berlin, Lyons, Alicante, Frankfurt, Vilnius and Warsaw.