Another airline goes

By | Category: Travel news

The Icelandic airline, Wow Air, collapsed overnight.

WOW Air promised so much and probably expanded too fast

Despite attempts to convert loans to shares, raise cash, cut staff and flights and sell itself to other investors, the end came after a day when flights were suspended. Icelandair tried to buy the airline twice but couldn’t agree terms. Another potential investor couldn’t finalise a deal either. But could have a deal have been better than the collapse of the airline?

Now flights are not just suspended, the airline has ceased trading which may be a solution for the investors in the airline but it won’t help passengers.

The advice to those who are out of pocket is that if you paid for your ticket with a credit card then apply to your card issuer to try and get a refund. If you used a debit card you could approach the issuer to see what compensation might be possible. Check your travel insurance to see whether airline collapse is covered. Not all policies include this as standard though.

For a checklist of what to do, go to the CAA website, https://www.caa.co.uk/News/Advice-to-UK-consumers-on-WOW-AIR-suspending-operations/

Wow Air flew from a number of UK airports during their life including Cork and Dublin in Ireland as well as Bristol, Edinburgh, Gatwick and Stansted. With flights to Kevlavik in Iceland, there were then online connections into the USA therefore providing a cheap alternative to regular carriers.

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