Earlier this morning, the company announced on its website it was in fund negotiations and that flights were on hold "until documentation with all parties involved have been finalised".
However, the company posted on its website after 8am that "WOW AIR has ceased operation. All WOW AIR flights have been cancelled".It said that all passengers had been informed via text message or email. Last week, US private equity firm Indigo Partners withdrew its offer to buy a stake in the loss-making carrier. The privately-owned airline, founded in 2011, posted a pre-tax loss of almost $42m for the first nine months of 2018.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: