Indigo Partners, the US-based private equity firm that specializes in ultra-LCCs, is looking to invest up to $75 million in Icelandic carrier WOW Air. The US company, which emerged in late November as a potential investor in WOW Air after an acquisition attempt by Icelandair collapsed, has been in negotiations with airline executives over its possible future involvement as a major shareholder. In a statement on its website, WOW said, “Following successful completion of due ...

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