Wow Air Ceases Operations Following Months of Financial Troubles

An aircraft of Icelandic low-cost airline WOW Air on the tarmac of Roissy Charles de Gaulle Airport north of Paris on Aug. 6 2018

An information board displays that Wow Air 214 flight from Toronto to Reykjavik is cancelled at Toronto Pearson International Airport, March 27, 2019 in this picture obtained from social media.

Wow in December sold four Airbus A321 passenger jets to Air Canada for US$12-million, according to Mr. Rennert and industry reports, as the carrier tried to stay afloat.

Low-budget carrier WOW air seemed too good to be true with its "cheap flights" for global destinations.

"The airline offered hotel accommodations until the next flight", Wow customer Suher Adi said, adding, "but that's not going happen".

A low-priced long-haul Iceland-based airline, which flew out of various Canadian hubs, has suddenly ceased operations.

Passengers who booked their flights through a credit card are being advised to contact their credit card company while those who purchased travel protection, or whose credit card offers travel protection, may be entitled to claim compensation and assistance due to travel disruption.

The Icelandic air transport authority is advising people who bought their ticket with a credit company to check whether their ticket can be refunded. "In case of a bankruptcy, claims should be filed to the administrator / liquidator".

Many stranded passengers wrote on Twitter, voicing frustration and appealing to other airlines to help them reach their destinations.

It is the latest in a series of low cost operators in Europe to go out of business and has left a number of passengers stranded.

As recently as late a year ago, WOW Air was talking about expanding its route network to destinations as far-flung as Dehli but those plans have always been forgotten.

Iceland's Wow Air just joined a growing list of European airlines that have gone bust in the last two years, which begs the question: What the heck is happening?

Icelandair is offering stranded WOW passengers special fares to get to Iceland.

It operated both short and long haul routes, flying to Copenhagen and Alicante in Europe and Washington and Boston in the US.

WOW air, founded in 2011, had been struggling to save its operations since Monday. Wow Air started flights in 2012 and grew to employ 1,000 people. Iceland Air is now the major way to travel to the popular volcanic island, likely bringing up the prices given the solid demand and a slash in supply.

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