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 diligence, the parties will work to close the investment as soon as practicable whereby Indigo Partners will acquire some of the shares in WOW … pursuant to a Share Purchase Agreement”…
