Icelandic LCC WOW Air will cut its aircraft fleet by nearly half and reduce its workforce by about 10%. The move comes as the airline continues negotiations with private equity company Indigo Partners, which seeks to become a major shareholder of the carrier. In a Dec. 13 statement, the airline said that, following what it described as a challenging year, it was “restructuring and simplifying its operations to return to its roots as a profitable ultra-low-cost airline.” The ...

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