- Wow Air announced on Thursday that it has ceased operations effective immediately, stranding passengers around the world.
- The announcement comes after the Icelandic ultra-low-cost airline failed to secure investment from Icelandair and private equity firm Indigo Partners.
- Wow Air founder and CEO Skuli Mogensen told Business Insider in January that the decision to acquire widebody Airbus A330 jetliners and a move away from its traditional ultra-low-cost business model were detrimental to the airline.
Icelandic ultra-low-cost carrier Wow Air announced on Thursday that it has ceased operations effective immediately, stranding read more >>>
Source : BusinessInsider.Com