LONDON—Icelandic ULCC WOW Air has restarted talks with Icelandair Group after long-running negotiations with private equity fund Indigo Partners to take a stake in the fast-expanding LCC collapsed. In a statement issued late Mar. 21, WOW Air said “The proposed investment of Indigo Partners LLC in WOW Air has been canceled by Indigo Partners. Therefore, all negotiations between WOW air and Indigo Partners have been canceled. Subsequently WOW Air has started discussions with ...

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