Wow Air has ceased operation.
The Icelandic budget airline made the announcement on its website in the last half an hour.
This morning Wow Air cancelled all flights as it fought to secure a deal with investors.
Last year the company announced a loss of €30 million for the first 9 months of the year – and let go of over 100 staff in December.
The airline – which employs around 1,000 people- has now confirmed that it has entirely ceased operations.
It operated a number of flights to and from Dublin, with its main Reykjavik services allowing connections to several North American airports.
The airline has advised passengers to check if so-called ‘rescue-fares’ are available with other providers in light of the circumstances.