Iceland’s Wow Air collapses and goes out of business

Icelandic budget airline Wow Air has collapsed and gone out of business after failing to finalise an equity deal with investors. 

WOW air said all passengers have been informed via text message/email to the contact details listed in the booking.

RTÉ reports that earlier this morning, the company announced on its website it was in fund negotiations and that flights were on hold “until documentation with all parties involved have been finalised”.

Via RTE