Overview

• On September 29, the Board of Fly Play hf. announced an immediate shutdown and said it will work with authorities to wind down the business.
• Thousands of travelers are affected and about 400 employees face job losses, with The Independent estimating roughly 120,000 forward bookings.
• Directors cited long‑running weak performance, recent poor ticket sales following negative media coverage, and employee discontent over strategic changes.
• Affected customers are urged to seek refunds from card issuers or tour operators, rely on EU air‑passenger rights where applicable, and look for possible rescue fares from other airlines.
• Prior restructuring saw PLAY return its Icelandic AOC, shift operations and back‑office functions to Malta and Lithuania, and operate a 10‑jet Airbus neo fleet (six A320neo, four A321neo).