WOW Air, the Icelandic budget airline, has collapsed and canceled all flights
Dominic ChoppingIcelandic low-cost carrier WOW Air has collapsed and canceled all flights, a statement on its website said Thursday.
The privately held airline has been working to secure its long-term funding for several months and said earlier this week that its bondholders had agreed to convert bonds into equity, while formal discussions had begun with investors about funding the company.
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Icelandic budget airline WOW Air ceases operations
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Wow Air ceases operations, leaving passengers strandedIcelandic airline Wow Air has announced that it has ceased operations and canceled all flights in a statement on its website Thursday.
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