WOW Air has ceased operations leaving thousands of passengers stranded across Europe and North America.
Thousands of passengers have been stranded after WOW air ceased operations and cancelled all flights with immediate effect.
The Icelandic discount airline grounded aircraft early on Thursday following months of talks with prospective financial backers.
The debt-plagued carrier needed a $41 USD million cash injection to survive, which it failed to secure.
In a statement this morning, WOW Air urged passengers to re-book with other airlines.
“Some airlines may offer flights at a reduced rate, so-called rescue fares, in light of the circumstances,” the statement read.
They added: “Passengers whose ticket was paid with a credit card are advised to contact their credit card company to check whether a refund of the ticket cost will be issued.
“Passengers who bought their ticket from a European travel agent (within the European Economic Area) as a part of a package tour (a package which includes flights and accommodation or other services) are protected by the Package Travel Directive.”
WOW Air, founded in 2011, took advantage of Iceland’s location in the middle of the North Atlantic to offer a low-cost service between North America and Europe.
It is the latest in a string of airlines to fail over the past two years.
Primera Air, Flybmi, Monarch Airlines,and Air Berlin have been among the most recent collapses.
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