Ostensibly independent of the recent efforts by the former founder to bring back WOW, this new effort is an appeal to all Icelanders.

Skúli Mogensen, former chief executive of bankrupt WOW air, has come up with a plan to resurrect the airline, having “learned his lesson”.

A private investment partnership in the US sees an Icelandic opportunity, investing €42 million in the loss-making airline group.

The low-cost carrier has decided to increase its frequencies to London as well as to Warsaw in the wake of the WOW air bankruptcy.

The bankruptcy of WOW air has led to layoffs that number in the thousands. Unions and the government are rescuing some of these people.

It is an inevitable collapse for the initially ambitious but long-troubled Icelandic airline, stranding thousands of passengers.

With a new agreement by bondholders, founder Skúli Mogensen has lost control of the company, reports suggest.

The struggling carrier has grounded two of its aircraft, resulting in bookings being halted to a number of destinations.

The route networks of the two Icelandic competitors Icelandair and WOW air are narrowing down considerably.

The Icelandic budget carrier is radically downsizing its number of destinations in the US as it “returns to its roots”.

As we start a new year, here’s a chance to look back on the ten most read stories on Standby Nordic during 2018.

“This is the most difficult day in the history of WOW air,” the airline’s chief executive Skuli Mogensen admits.

The troubled Icelandic low-cost carrier has started flights to India, but routes in the other direction are suffering.

In the first nine months of the year, WOW air lost $33.6 million, despite a 31% increase in revenues.

Deep-pocketed Arizona-based Indigo Partners has agreed in principle an unspecified WOW air investment.

The Icelandic flag carrier is cancelling its planned purchase of its low-cost competitor at the last minute.

The airport wins for its environmental pioneer spirit, its new terminal and for substantially raising passenger numbers.

The Reykjavík-based carrier says that “a number of external and internal events have worsened significantly”.

Icelandair Group intended to buy its low-cost rival WOW air, but conditions set by a deadline of Friday may not be fulfilled.

In a major consolidation in Iceland’s aviation market, the airlines say that there will be opportunities for synergies ahead.