Failing to raise new cash, Wow air of Iceland ceases operations
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Iceland's budget airline Wow air has ended its operations for failing to reach an agreement with investors about getting fresh cash into the service. Thursday, in a statement, it has announced that all the flights have been canceled and the passengers need to check with other airlines for rescue fares. Wow airlines chairman Skuli Mogensen tried hard to save the airlines, but he said that they have run out of time.