WOW air postpones all flights, signalling day of travel disruption
Flights have been suspended as the airline seeks to work through an equity raise, it says
Icelandic low-cost carrier WOW air has suspended all flights for Thursday, March 28, it has announced.
Cancellations include flight WW853 from Dublin to Keflavik (10.45am), and the inbound WW852 which was due to have arrived at 09.30.
"WOW air is in the final stages of finalising equity raise with a group of investors," the airline says in a statement on its website. "All flights have been postponed until documentation with all parties involved have been finalised."
Further information will be given at 9am Icelandic time, WOW says (10am GMT).
The airline has apologised for the disruption to travel plans, and informed passengers via text messages or email, it adds.
Passengers whose flights are cancelled are entitled to a refund or re-routing and certain care and assistance, under EU regulations.
"Passengers scheduled on flights to/from Iceland with WOW air on Thursday March 28th are entitled to cancel their reservation for a full refund or change their reservation to the next available WOW air flight," the airline says.
WOW began flying between Ireland and Iceland in June 2015, and has rapidly expanded in the period since - offering several, budget-friendly one-stop routes to North America via its hub in Keflavik, near Reyjavik.
The airline is heavily indebted however, and has been seeking a backer. Talks with rival carrier IcelandAir fell through in recent days.
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