Icelandic low-cost carrier Wow Air
The proposed investment of Indigo Partners LLC (“Indigo Partners”) in WOW air has been cancelled by Indigo Partners. Therefore, all negotiations between WOW air and Indigo Partners have been cancelled. said the wow air in a press statement.
Indigo Partners, was in negations with WOW air to invest up to $90m since November and now cancelled the proposed investment.
Subsequently WOW air has started discussions with its rival Icelandair Group. The parties aim to conclude the negotiations by Monday March 25, 2019.
Icelandair had been in discussions about a takeover of Wow late last year, but the deal didn’t go through.