Icelandair and Wow Air won’t merge
The two Icelandic airlines will ultimately not proceed with their merger plans.
Icelandair announced on November 29 that it had cancelled the acquisition agreement entered into on November 5 with the low-cost airline. The acquisition of Wow Air by the Icelandair Group will not take place. The board of directors and management of both companies worked on the project with the utmost seriousness. This outcome is disappointing," commented Bogi Nils Bogason, Interim CEO of the Icelandair Group. Wow Air is still looking for an investor.
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