WOW air, the Icelandic ultra-low-cost-carrier, which ceased operations in March 2019, may soon be ‘coming back’ to the skies, only not in its original form. Two former executives of the airline and an investment fund related to the Ryanair family plan to launch a new low-cost carrier (LCC) on the foundations of the fallen WOW air, under the working name WAB, which stands for “We Are Back”, Icelandic media reports suggest.