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.
US and China begin talks ahead of Trump-Xi summit
Senior US and Chinese officials began talks in New York on Sunday aimed at preparing potential agreements ahead of a summit between President Donald Trump and Chinese President Xi Jinping this week.
Mohammed bin Rashid Leadership Forum to bring 1,000 leaders to Dubai
The Mohammed bin Rashid Leadership Forum will bring together 1,000 government and private-sector leaders at Dubai World Trade Centre on Wednesday.
Sharjah-Oman logistics corridor handles AED 1.7 billion in cargo
A logistics corridor linking Sharjah and Oman handled around AED 1.7 billion worth of cargo during its first three months of operation.
Warren Buffett steps down as Berkshire chairman, son Howard succeeds
Berkshire Hathaway said on Friday that Warren Buffett will step down as chairman and become chairman emeritus, effective immediately, nine months after handing the CEO reins to longtime lieutenant Greg Abel.
75,000 tourists welcomed during Dubai summer campaign
As many as 75,000 people have visited the UAE under the 'Dubai Invite' campaign, which targeted non-residents with rewards of up to AED 3,000 in hotel stays, dining deals, and more.
