WOW air (WW, Reykjavik Keflavik) owner and CEO, Skuli Mogensen, says he would be willing to dispose of some of his 100% shareholding in the airline to help fund future expansion plans.

"It would [be] interesting to find partners, investors, some time in the next 12 to 24 months," he told Reuters in an interview. "Someone that understands the trans-Atlantic opportunity or adds value from the low-cost carrier side."

The Icelandic budget carrier will commence its maiden flights to North America in June next year with flights to Boston and Baltimore Thurgood Marshall. Having seen strong demand for the flights, which will connect with the carrier's extensive European network via its Reykjavik Keflavik hub, Mogensen said the airline will acquire four more aircraft to cope with demand.

"We've been working hard to find additional capacity because clearly we see that there is a huge opportunity to do what we're doing," he said.

The carrier will deploy a pair of A321-200s to the United States, complimenting its current fleet of three leased A320-200s.

Budget carriers from both sides of the Atlantic have begun to venture into transatlantic flights with Canada's WestJet (WS, Calgary) already offering services connecting Halifax, St. John's, and Toronto Pearson with Dublin Int'l and Glasgow Int'l.