Icelandic low cost airline WOW Air ceases operations

WOW AIR, an Icelandic low cost company, has announced on Thursday the cessation of all its operations and has canceled all its flights after the failure of the negotiations to acquire liquidity, becoming the last victim among the eight ‘low cost’ that have they throw the closing like First Air, Monarch Airlines or Flybm.

The airline, owned since November 2018 by its rival Icelandair Group, has advised travelers in a statement to check the flights available with other airlines.

Some airlines are already offering flights at a reduced rate, the so-called ‘rescue rates’, after the cessation of their operations. Likewise, it recommends those passengers who have paid by credit card for their tickets to contact the company to verify the refund of the amount paid.

The airline reminds travelers who bought their tickets in travel agencies in the European Union as part of a package tour (including flight and accommodation or other services) that are protected by the new travel package directive and advises that they contact their travel agent for an alternative flight.

Finally, the company informs passengers that, in accordance with European regulations on air passenger rights, they can file a claim with the company’s administrator in case of bankruptcy.

It was founded in November 2011 by Skúli Mogensen, CEO of the company. Its fleet consists of A320, A321 and A330 aircraft and covers destinations in the United States, Canada and Iceland.

In October 2012, he took over the flight operations of Iceland Express. One year later, he received the Air Operator Certificate (AOC) from the Icelandic Transportation Authority. The company transported more than 3.5 million passengers in 2018.