WOW Air is a Low-Cost Carrier operating out of its main base at Keflavík International Airport (Reykjavik, Iceland). The airline was founded in 2011 by Icelandic businessman, Skúli Mogensen, and commenced scheduled operations in the following year. The airline launched with a small fleet of Airbus aircraft, and offered discount tickets to destinations within Iceland and Europe. In late 2012, fellow Icelandic airline, Iceland Express, was absorbed by WOW Air and its operations were subsequently integrated into WOW Air's route network.

In late 2016, WOW Air operated a very young fleet of Airbus aircraft with an average overall age just over three years. Throughout its operational history the airline has gradually expanded its fleet and now operates 11 aircraft from the A320 and A330 families. The airlines fleet age is considered to be very young and indicates the presence of an extensive fleet rejuvenation program.

Despite the WOW Air’s young fleet, only a limited insight could be established into the airline’s maintenance arrangements. It is considered likely that the airline, at the very least, would have line checking capabilities in place at its main hub at Keflavík International Airport. Additionally, no financial information could be sourced as the airline is 100% privately owned and is not obligated to release exact results. The airline has only been performing scheduled flight services for four years, and therefore is still in the process of distinguishing itself apart from the world wide average of operational hours and accident rates. The airline’s low score can be attributed to, but not limited by, its low level of annual flights and its limited operational capability. As a result, WOW Air has been categorised as a mid-risk operator within the Airline Risk Calculator, with a score of 4.91.

Equatorial Congo Airlines (Republic of Congo) suspended all flight operations in October 2016, after the airline had reportedly accrued a substantial amount of debt owed to the African air navigation provider: Agency for Aerial Navigation in Africa and Madagascar (ASCENA). As a result, ASCENA withdrew its service from ECAir, subsequently forcing the airline to suspend all operations. Sources indicated that ECAir had filed for bankruptcy in France after the airline's only Boeing 767 aircraft was repossessed by its owners. The airline had previously temporarily suspended it's domestic operations in September 2016, however has since been forced to suspend all operations due to the lack of serviceable aircraft and air traffic management providers.

Taiwanese carrier, TransAsia Airways, announced on the 22nd of November that it would be ceasing operations immediately. Airline officials reportedly stated that following the two fatal accidents in 2014 and 2015, the airline has since been unable to financially recover. Whilst the airline had recorded modest profits since 2009, recent financial data shows that the airline has sustained a NT2.09 Billion net loss since the beginning of 2016. As a result, the airline will begin the liquidation of its assets; however this action will need to be approved by shareholders.