Wow Air and Indigo Partners have failed to reach agreement on an investment.
Wow Air is resuming discussions with the rival Icelandair Group.
Wow Air issued this short statement:
The proposed investment of Indigo Partners LLC in WOW air has been cancelled by Indigo Partners. Therefore, all negotiations between WOW air and Indigo Partners have been cancelled.
Subsequently WOW air has started discussions with Icelandair Group. The parties aim to conclude the negotiations by Monday, March 25, 2019.
Icelandair Group had previously announced in November 2018 it was moving ahead with plans to take over Wow Air but the first attempt failed.
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Top Copyright Photo: Wow Air Airbus A321-211 WL TF-WIN (msn 7650) AMS (Ton Jochems). Image: 946028.
Wow Air aircraft slide show: