Budget Icelandic carrier WOW AIR has ceased operation. All WOW AIR flights have been cancelled and passengers are stranded.
In a sudden and unexpected moved, WOW AIR announced on its site that the airline is folding. WOW AIR CEO Skúli Mogensen told Icelandic state broadcaster RUV that negotiations to save the airline went on until the early morning in Iceland.
“As is normal, people believed we would get the investment,” Mogensen told RUV. “We have been very transparent, but it didn’t happen.” He added, “I’m very sorry about this as these are people who have supported us,” said Mogensen. “I’m disappointed not to honor our commitments.”

Photo Courtesy of Wow Air

 

The statement on WOW AIR includes the following information:

How will I reach my destination?
Passengers are advised to check available flights with other airlines.
Some airlines may offer flights at a reduced rate, so-called rescue fares, in light of the circumstances. Information on those airlines will be published, when it becomes available.
What are my rights?
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. Those passengers are advised to contact their travel agent to arrange an alternative flight.

Photo Courtesy of Wow Air

 

Passengers who may have bought travel protection, or those passengers whose credit card terms may include such protection, may be entitled to claim compensation and assistance due to delays or travel disruption. However, such compensation is often limited.
Passengers may also be entitled to compensation from WOW AIR, including in accordance with European regulation on Air Passenger Rights. In case of a bankruptcy, claims should be filed to the administrator / liquidator.
Customers weren’t notified and many didn’t hear about the situation until they were already at the airport trying to catch their flight.

“Just found out about this news,”

tweeted

Jonathan Koo, who was stuck at Newark Liberty Airport after his flight was canceled. “They didn’t even notify any of us directly, had to find out from twitter and reddit.”
Founded in 2011, WOW AIR was know for cheap flights with a no frills service.
For more information visit www.wowair.com