The Icelandic low cost carrier WOW has grounded all flights indefinitely after a final round of talks with investors failed to reach any conclusions. As such, passengers were advised on Wednesday evening to seek other means of travel, but following the announcement many have been left stranded.
The failure of WOW is the latest in a series of low cost operators in Europe to go out of business leaving a number of passengers stranded in the USA, Canada and across Europe.
In a statement on their website WOW offered passengers the following advice:
Check for available flights with other airlines;
Contact their credit card company to check whether a refund of the ticket cost will be issued.
Those who bought their ticket from a European travel agent as part of a package tour are protected by the Package Travel Directive.
Some airlines may offer flights at a reduced rate, what are known as “rescue fares.”
They may also be entitled to compensation from WOW AIR in accordance with European regulation on Air Passenger Rights.
The airline has been involved in negotiations to save the company with its main rival and flag-ship carrier Icelandair and Indigo Partners, an American company who operate the airline Wizz.
This is simply the latest in a series of bankruptcies over the last year and a half including Germania and Air Berlin from Germany, UK’s Monarch Airlines, VLM Airlines in Belgium and Skywork from Switzerland.