Icelandair Group has abandoned plans to take over fellow Icelandic carrier WOW Air. The decision to scrap the deal was made after it became clear that Icelandair could not fulfill the necessary conditions of the share purchase agreement for WOW before a Nov. 30 group shareholders’ meeting, Icelandair interim president and CEO Bogi Nils Bogason said Nov. 29 in a statement carried on both airlines’ websites. “[It] is unlikely ...

Subscribe to Access this Entire Article

"Icelandair cancels acquisition of WOW Air" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? Log in here.