Indigo Partners, a US private equity firm that specializes in ultra-LCCs, has emerged as a potential new investor in WOW Air, dramatically changing the fortunes of the Icelandic LCC in the same week that an acquisition attempt by Icelandair collapsed. Indigo Partners and WOW have reached an agreement in principle for Indigo to become a major shareholder, Indigo said Nov. 30. “[WOW CEO] Skuli [Mogensen] and WOW’s management and employees have done a remarkable job in creating a ...

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