Wow Air resumes talks with Icelandair as Indigo walks
Indigo Partners has cancelled its proposed investment in Wow Air, prompting the airline to resume talks with Icelandair Group. Wow Air says it aims to conclude talks with Icelandair Group by March 25. "The discussions will be based on the doctrine of competition law regarding the failing firm defence," said Icelandair Group. It is not immediately clear why Indigo cancelled the proposed investment. Indigo was prepared to increase its planned investment in Wow Air to US$90m, up from $75m previously. Icelandair Group had in Nov 2018 announced plans to take over Wow Air but abandoned that plan later that month, after several pre-conditions were not met in time before a shareholders meeting on the proposed takeover. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-03-22/unaligned/wow-air-resumes-talks-with-icelandair-as-indigo-walks
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Wow Air resumes talks with Icelandair as Indigo walks
Indigo Partners has cancelled its proposed investment in Wow Air, prompting the airline to resume talks with Icelandair Group. Wow Air says it aims to conclude talks with Icelandair Group by March 25. "The discussions will be based on the doctrine of competition law regarding the failing firm defence," said Icelandair Group. It is not immediately clear why Indigo cancelled the proposed investment. Indigo was prepared to increase its planned investment in Wow Air to US$90m, up from $75m previously. Icelandair Group had in Nov 2018 announced plans to take over Wow Air but abandoned that plan later that month, after several pre-conditions were not met in time before a shareholders meeting on the proposed takeover. <br/>
