Airlines
Wow Air Touts Long-Term Sustainability After Debtholder Deal
Rescue talks with both Indigo Partners and Icelandair Group collapsed last week.

Embattled Icelandic ultra-low-cost-carrier (ULCC) Wow Air remained upbeat on its survival chances after creditors on Monday agreed to convert their bonds into equity and “formal discussions” with investors to fund the company have started. “This is an important milestone in financially restructuring the company and securing the long-term sustainability of Wow Air,” it noted on Tuesday in a short statement, without providing details on its financial state and the nature of the potential new investors.