Calls for airlines to require bonding to protect customers after Wow Air collapse

The collapse of Icelandic airline Wow Air has sparked renewed calls for all travel providers to require bonding in order to prevent holidaymakers being left out of pocket.

The troubled airline had previously said it was in the "final stages" of completing an agreement with investors over raising new funds, and that flights were "postponed" until the deal was completed, before announcing on Thursday morning that it has ceased operation.