Indigo meets with Wow as investment plan progresses

US private equity company Indigo Partners and Wow are progressing toward cinching an agreement under which the former will invest in the financially troubled airline. Indigo emerged as a potential investor after it said it had reached a tentative deal to acquire Wow. That came on the same day that Icelandair's proposed acquisition of its rival collapsed. Firming the deal is dependent on completing due diligence. Representatives Indigo, which is led by long-time industry heavyweight Bill Franke and has invested in several low-cost airlines, spent 2 days with Wow's managers, Indigo says. Wow CE Skuli Mogensen says his company "can learn a lot from Bill Franke and his team on how to build a successful low-cost airline". <br/>