WOW Air back in talks with Icelandair

  • News Digest

Mar 23, 2019-

REYKJAVIK: US private equity firm Indigo Partners has withdrawn its offer to buy a stake in Iceland’s loss-making carrier WOW Air, and Icelandair is now back in talks to buy the no-frills airline, the carriers said. Icelandair had previously agreed to buy WOW Air but ditched those plans on November 29. A day later, Indigo Partners, a private equity group that owns stakes in several low-cost airlines including Frontier Airlines in the United States, said it had reached a preliminary deal to acquire 49 percent of WOW Air. “The proposed investment of Indigo Partners in WOW Air has been cancelled by Indigo Partners... Subsequently WOW Air has started discussions with Icelandair Group,” WOW said in a statement issued late Thursday. (AFP)

Published: 23-03-2019 21:17

User's Feedback

Click here for your comments

Comment via Facebook

Don't have facebook account? Use this form to comment