London (CNN Business) Icelandic budget carrier Wow Air has ceased operations and canceled its flights, leaving passengers stranded on both sides of the Atlantic. It advised passengers to book new flights on other airlines, and said some may be eligible for compensation. Wow Air CEO Skúli Mogensen told Icelandic state broadcaster RUV that negotiations to save the airline went on until the early morning in Iceland. "As is normal, people believed we would get the investment," Mogensen told RUV. Mogensen said more than 1,000 passengers had been affected by the grounding of aircraft.

Source: CNN March 28, 2019 12:36 UTC