Icelandic Airline Bankrupt

Up to 700 passengers have been left stranded at London's Gatwick airport after an Icelandic-owned airline said it would file for bankruptcy.

Sterling Airways, which is based in Danish capital Copenhagen, blamed the Icelandic financial collapse for making its owner unable to continue funding.

All Sterling flights have been cancelled, including services from Gatwick to Copenhagen and Stockholm. The airline was owned by Iceland's Northern Travel Holdings.