US-based Indigo Partners invests in struggling airline Wow

The news was announced shortly after Icelandair said it had scrapped plans to take over its rival.

Wow has faced financial difficulties in recent months and has cut four aircraft from its fleet.

Indigo Partners has investments in airlines such as Singapore's Tiger Airways, Florida's Spirit Airlines, and Wizz Air Holdings, a listed airline with bases around central and eastern Europe.

Company
Established in 2011, Wow is a low-cost carrier currently serving 25 destinations across Europe and North America. It employs 1,500 staff and has 20 planes.

People
Indigo Partners – Bill Franke (managing partner).
Wow Air – Skuli Mogensen (CEO, primary shareholder).

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