Some ten years after their bank bankruptcies left thousands of families in Europe without their savings, an Icelandic company is at it again, this time leaving thousands of travelers on both sides of the Atlantic stranded on another continent.
The Icelandic low-cost airline Wow air bankrupted today, claiming on it’s website that it has simply ceased all operations and cancelled all flights and urging passengers needing to travel to ‘book with other airlines.’
Many in Europe and The US were shocked and without means to return.
Given it’s geographically interesting location in between Europe and the US, European passengers seeking a cheap option to travel to New York or Washington booked flights with short stopovers in the capital Reykjavik for half of the price of a direct flight. Americans wanting to visit Europe did the same.
However, given that many thousands are now stranded on either side of the Atlantic, passengers do not know whether they would be entitled to some compensation from Wow including in accordance with European regulation on Air Passenger Rights, or, in case of a bankruptcy, claims should be filed to the administrator or liquidator.