Bloomberg Wow Air Hf has gone out of business, stranding thousands of passengers and creating potentially huge risks for Iceland’s tiny economy and its growing reliance on tourism. The discount carrier is the eighth European airline to have failed since the summer as margins are pinched by fluctuating fuel costs and over-capacity that’s sparked a continent-wide fare war. Wow’s demise ...

Bloomberg Troubled Jet Airways India Ltd missed a $109 million loan repayment due to HSBC Bank this week, people with knowledge of the matter said. The money was due on March 28, and was part of a two-tranche facility totalling $140 million that the company took from HSBC in 2014, according to the people, who asked not to be identified ...

Bloomberg Investigators of an Ethiopian Airlines crash have concluded that the same system that malfunctioned in an earlier accident off Indonesia was activated, and they are searching for a key piece of equipment that might explain why, according to people briefed on the probe. Preliminary flight data from the Boeing Co 737 Max jet’s black-box recorder indicates that a new ...