Icelandair and Wow Air Abandon Merger Plans | Aviation International News

Icelandair and Wow Air Abandon Merger Plans

The parties fail to settle all the conditions of a share purchase agreement.

By Cathy Buyck • Contributor - Europe

November 29, 2018

Just three weeks after Icelandair Group announced it would acquire rival Wow Air, the two Icelandic long-haul low-cost airlines on Thursday confirmed they have abandoned the plan. A merger of the competitors—who said Thursday they both agreed to the outcome—would have led to a much-needed reduction of capacity on routes between Europe and North America over Keflavik Airport and possibly helped buttress the financial footing of both companies.

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