After failing to attract investors, Icelandic ULCC WOW Air ceased operations Mar. 28. On its website, the carrier said all flights had been canceled and advised passengers to check with other airlines for available flights. Stranded passengers may also be entitled to compensation under European Union regulations, WOW said. The shutdown came shortly after the airline said it had won approval from bondholders to convert debt to equity in an effort to “secure the long-term ...

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