Fly Play hf. (styled as PLAY) is an Icelandic low-cost airline headquartered in the country's capital of Reykjavík. It operates a fleet of Airbus A320neo family aircraft with a hub at Keflavík International Airport. In July 2019, two former WOW air executives, Arnar Már Magnússon and Sveinn Ingi Steinþórsson announced the formation of a new airline, tentatively named WAB air ("We Are Back"). Avianta Capital, an Irish investment fund owned by Aislinn Whittley-Ryan (daughter of Michael Kell Ryan, one of the founders of Ryanair) held a 75% stake; the remainder was held by Neo, a company founded by Magnússon and Steinþórsson. The company aimed to operate six aircraft to 14 destinations across Europe and the US, with a target of one million passengers in the first year. The new company applied for an air operator's certificate (AOC) from the Icelandic Transport Authority. More information...
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