Budget airline WOW Air abruptly ceases operations, stranding passengers across two continents
In a statement on its website the airline, which had earlier suspended all its flights, told passengers there would be no further flights and advised them to check flights with other airlines for ways to reach their destinations.
Its bankruptcy comes after six months of turbulent negotiations to sell the low-cost carrier, first to its main rival and flag-ship carrier Icelandair and later to Indigo Partners, an American company operating the airline Wizz. Tourism is Iceland's largest industry and WOW's disappearance is set to have an effect on this summer's high season.
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