Talk to us today in confidence0800 970053907833 240747

WOW Air Goes Bust

28 March 2019

Be the first to comment

WOW Air Goes Bust

Thousands of customers have been left stranded following the collapse of budget airline, WOW Air.

The Icelandic company cancelled all flights after they went bust. This comes after talks of a possible takeover with Icelandair Group failed earlier this week – with 20 flights cancelled on Monday. They have been searching for a financial backer for months, this is believed to be due to their rumoured £150m debt.

Earlier, A statement read: ‘’ WOW air is in the final stages of finalising equity raise with a group of investors. All flights have been postponed until documentation with all parties involved have been formalised. All passengers have been informed via text message/email to the contact details listed in the booking’. WOW air apologize for the disruption to travel plans’’.

Now, the company has stated ‘’Icelandair Group have decided that its possible involvement in WOW air’s operations, as announced on 20 March 2019, will not materialise. All discussions between the parties have ended.’’

If you are a customer, you’re advised to check for alternative routes which are available with other airlines. There is possibility of reduced rates depending on the circumstances.

Refunds are available, if you booked via ATOLs protected service – which guarantees a refund if a company goes into administration, with the service helping find a alternative route.

Be sure to contact your booking provider and check if your flight was protected.

The budget airline company operate from many UK airports, running numerous services to Iceland from Britain. It was only at the end of the last year, that they launched an exciting competition, offering the chance for two friends to travel to Iceland and work for the company, creating a video blog of their experiences – thought as a company marketing strategy.

Categories: Hospitality

Comments

Post a Comment

Please keep your comments relevant. Company Rescue reserves the right to edit or delete comments.

The blog postings on this site solely reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of Company Rescue. All comments are made in good faith, and Company Rescue will not accept liability for them. We may contact you in response to your comment – by submitting your comment, you are consenting to this.

To find out more about how we collect, use and protect your data, please read our privacy policy.

You are currently offline. Some pages or content may fail to load.