Icelandair Calls Off WOW Air Takeover

Credit: Rob Finlayson
Icelandair has abandoned plans to take over its LCC Icelandic competitor WOW Air. Icelandair interim president and CEO Bogi Nils Bogason said in a Nov. 29 statement, published on both airlines’ websites, that it had become clear Icelandair could not fulfill all the necessary conditions in the share...

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