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A trio of Wow Air Airbus jets in Keflavik (Photo: | Ian McMurty)

Wow Air Ceases Operations Following Months of Financial Troubles

After failing to close a deal with a group of investors, Iceland's Wow Air ¬†announced that it has ceased operations as of Thursday morning. The company was forced to go under after last-minute negotiations were unsuccessful and a much-needed injection of capital was denied. "We weren't able to secure funding for the company," said Skuli Mogensen in a letter to WOW employees. "I will never be able to forget myself for not taking action sooner." The bitter announcement occurred just…