WOW Air shuts down after lack of money


Low-cost carrier WOW Air abruptly shuts down – leaving thousands of people stranded.

The Iceland-based airline made the announcement Thursday on its website, grounding all flights immediately.

The move comes after WOW Air failed to reach an agreement with investors.

The company says passengers should book flights with other airlines and contact their credit card company for a refund.

The airline began operations in 2012 and operated flights from 27 airports between North America and Europe.

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