WOW Air will reduce its fleet by four aircraft as the Icelandic LCC reported that its financial situation had worsened in recent weeks. The news comes as a deal announced Nov. 5, in which WOW would have been acquired by Icelandair, seems unlikely to happen. Icelandair said Nov. 26 that it was “unlikely that all the conditions of the share purchase agreement in relation to the acquisition of WOW Air will be fulfilled before the shareholder meeting” scheduled for Nov. ...

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