WOW Air in Trouble--UPDATE

Reminds me of People Express Airlines back in the 1980s

Trip cancellation insurance?

From an old AIG Travel Guard policy:

TRIP CANCELLATION/INTERRUPTION DUE TO FINANCIAL DEFAULT

Trip Cancellation/Interruption due to Financial Default of an airline,
cruise line, or tour operator provided the Financial Default occurs
more than 14 days following an Insured's effective date for the Trip
Cancellation or Trip Interruption Benefits. There is no coverage for
the Financial Default of any person, organization, agency, or firm
from whom the Insured purchased travel arrangements supplied by
others. This coverage applies only if insurance was purchased within
15 days of Initial Trip Payment.

https://www.insuremytrip.com/travel-insurance-plans-coverages/financial-default-coverage/

Apparently one of WOW Air's planes was repossessed in Montreal last night. Plane was leased from an Irish company, who hasn't been paid, and they seem to want their two A321s back.

Circling the drain, it appears to be.

Flights are now being cancelled. It doesn't look good.

https://ifn.news/posts/wow-air-cancels-several-flights-following-aircraft-repossessions/

Report indicates 2 planes now repossessed and fleet is down to 9 planes

And yet one can go to their site and book tickets for trips as far ahead as Feb 2020.....?????

World of Warcraft has an airline?

When you finally get to your destination you say, "Wow, I made it!"

Last I checked WOW passengers were stranded at airports.