Indigo Partners, the U.S.-based private equity firm that specializes in ULCCs, is looking to invest up to $75 million in Icelandic carrier WOW air. The company emerged in late November as a potential investor in WOW air after an acquisition attempt by fellow-Icelandic carrier Icelandair collapsed. Since then, Indigo has been in negotiations with airline executives over its possible future involvement as a major shareholder. In a Dec. 14 statement on its website, WOW air said that ...

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