Airlines
Indigo Partners Surfaces as Potential Wow Air Investor
The U.S. private equity fund promises a ‘strategic vision’ for the loss-making Icelandic low-cost airline.
Wow Air took delivery of its first Airbus A320neo in April, 2017. (Photo: Airbus)
Wow Air took delivery of its first Airbus A320neo in April, 2017. (Photo: Airbus)

U.S. private equity firm Indigo Partners plans to invest in financially struggling Icelandic low-cost carrier Wow Air, a move that, if completed, would expand Indigo’s global portfolio of shareholdings in LCCs and keep Wow in the air. The announcement came just hours after Icelandair Group called off the proposed acquisition of its competitor and a day after Wow characterized new long-term funding as a “necessity for the business.”