Iceland's Wow Air has ceased operations and cancelled all flights, leaving thousands of passengers stranded.
On Thursday morning, Wow said on its website: “Wow Air has ceased operation. All Wow Air flights have been cancelled."
WOW Air is the latest casualty among budget airlines, after efforts to raise more funds failed.
"I will never forgive myself for not having acted earlier," WOW CEO and founder Skuli Mogensen wrote in a letter to the company's 1,000 employees.
UAE President meets German business leaders during state visit
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has met with German business leaders and company executives during his state visit to Germany.
UAE President attends Germany-UAE Business Forum
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has attended the Germany-UAE Business Forum in Munich, as part of his state visit to Germany.
Al Maktoum International Airport to open second runway in 2027
Al Maktoum International Airport (DWC) will open a second runway in 2027, marking a "new milestone", confirmed Dubai Airports CEO, Paul Griffiths, adding that it will eventually have five runways once fully completed with capacity for up to 260 million passengers a year.
UAE to strengthen position in BRICS at upcoming summit
The UAE aims to expand its economic and trade partnerships at the upcoming 18th BRICS summit as a full member since 2024.
UAE retailers trial dirham-pegged Stablecoin payments
Shoppers at two major retail outlets in the UAE can now pay using dirham-pegged stablecoin as part of a pilot.
