US budget airline veteran to buy stake in struggling WOW Air after Icelandair abandons deal
November 29, 2018 at 22:31 PM EST
Indigo Partners, the private equity firm that owns Frontier Airlines and other discount carriers, says it will buy a stake in WOW Air, an ailing Icelandic budget airline. The announcement came hours after Icelandair Air called off its takeover of WOW.