WOW air is making a comeback with flights resuming in October.
WOW air, which ceased operations earlier this year, is resuming flights starting from next month.
In a press conference on Friday, American aviation firm USAerospace Associates announced it had taken over the bankrupt airline.
CEO Michele Ballarin said the carrier would relaunch carrying the same name, and that its first flight next month would be between Dulles International Airport in Washington DC and Reykjavik, Iceland.
WOW air’s main headquarters will now be at Dulles airport.
Although there was no indication on the details of the buyout, USAerospace reportedly earmarked $85 million to help with WOW’s cash flow.
The airline will operate two planes to begin with but intends to have 10-12 planes by summer 2020.
At this time, the WOW air website continues to display the End of Operations statement.
When the airline unexpectedly collapsed in March, it left thousands of passengers stranded across Europe and North America.
The debt-plagued carrier needed a $41 USD million cash injection to survive, which it failed to secure.
Until its insolvency, WOW Air carried more than a third of all visitors to Iceland.