Future of WOW Air uncertain as Icelandair scraps takeover plans
The Icelandair Group has scrapped its plans to acquire low-cost carrier rival WOW Air after both companies agreed it was the best course of action. Bogi Nils Bogason, Interim President & CEO of Icelandair Group revealed that “The planned acquisition of Icelandair Group of Wow air will not go through.” “The Board of Directors and…