Icelandic LCC WOW air is reducing its fleet by nearly a half and is letting 10% of its staff go. The move comes as the airline continues negotiations with private equity company Indigo Partners over the latter becoming a major shareholder. In a statement Dec. 13, WOW said that following what it described as a challenging year, it was “restructuring and simplifying its operations to return to its roots as a profitable ultra-low-cost airline. “WOW air’s fleet will be ...

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