{"id":99099,"date":"2025-06-11T02:02:00","date_gmt":"2025-06-10T20:32:00","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=99099"},"modified":"2025-06-11T01:41:49","modified_gmt":"2025-06-10T20:11:49","slug":"play-airlines-cancels-all-us-flights","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2025\/06\/11\/play-airlines-cancels-all-us-flights\/","title":{"rendered":"This European Airline Cancels All its Flights to the US"},"content":{"rendered":"\n

REYKJAV\u00cdK\u2014<\/strong> PLAY Airlines (OG) will cease all flights to the United States (US)<\/a> from October 2025, marking a strategic retreat from the North American market. The decision coincides with a planned shareholder-led takeover and company delisting from the Nasdaq Iceland exchange.<\/p>\n\n\n\n

The airline currently operates from Keflav\u00edk International Airport (KEF) and has established U.S. connections to cities such as New York (JFK)<\/a> and Washington, D.C. (IAD). This restructuring is set to pivot PLAY\u2019s focus toward European sun destinations and aircraft leasing.<\/p>\n\n\n\n

\"PLAY
Photo: Cl\u00e9ment Alloing<\/a><\/figcaption><\/figure>\n\n\n\n

PLAY Airlines Cancels US Flights<\/h2>\n\n\n\n

Two major shareholders\u2014CEO Einar \u00d6rn \u00d3lafsson and Vice Chairman El\u00edas Sk\u00fali Sk\u00falason\u2014are initiating a full takeover of PLAY Airlines (OG), including a delisting and capital restructuring.<\/p>\n\n\n\n

The plan is designed to redirect the airline\u2019s efforts toward profitability, following underperformance in long-haul U.S. operations.<\/p>\n\n\n\n

The acquisition offer values PLAY at ISK 1 per share, with shareholders given the option of cash or shares in the new private entity. This move will also see a minimum capital infusion of USD 20 million, with over one-third already secured.<\/p>\n\n\n\n

The new strategy will retain the PLAY brand and aircraft design while shifting the operational certificate to Malta, ending its current Icelandic AOC.<\/p>\n\n\n\n

Key operational shifts include:<\/p>\n\n\n\n