WOW Air, the Icelandic budget airline, has collapsed and canceled all flights
Dominic ChoppingIcelandic low-cost carrier WOW Air has collapsed and canceled all flights, a statement on its website said Thursday.
The privately held airline has been working to secure its long-term funding for several months and said earlier this week that its bondholders had agreed to convert bonds into equity, while formal discussions had begun with investors about funding the company.
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