Icelandair says "no" to Wow

[akerosid]

Icelandair has pulled out of its plan to acquire Wow. Both airlines have issued statements.

This is an extremely bad omen, because it will cause investors, creditors and - crucially - existing and potential customers to wonder what Icelandair has found that has caused them to pull out of this deal. Wow already has a tightening cash flow situation and creditors have been tightening the noose; only yesterday, it announced the return to lessors of four of its aircraft.. Loss of confidence by its customers can only add to its woes.

https://www.flightglobal.com/news/ar...keover-454008/

https://www.jetphotos.com/photo/9123781

[ErezS]

Indigo reaches tentative agreement to buy Wow Air

https://www.flightglobal.com/news/ar...ow-air-454034/

[ATLcrew]

Congrats to Wow employees who now get to work for Bill Franke. Should be fun.