An
American aviation firm said on Friday it had taken over Iceland's bankrupt airline WOW Air together with local investors and said flights would resume in October.
USAerospace Associates CEO Michele Ballarin told a news conference that the company would relaunch carrying the same name, and that its first flight would be between Dulles airport in
Washington DC and Keflavik in Iceland next month.
The bankruptcy of the low-cost carrier March caused a big stir in Iceland where it was expected to have a negative impact on tourism numbers, as well as on the wider
economy which is headed for recession.