The Airline Most Famous for $55 Flights From the US to Europe Has Been Purchased by its Greatest Rival

Nov. 6, 2018

Since its founding in 2011, Wow Air has fought Icelandair, the country's flag carrier, for business to the island nation. That competition has officially come to a close. On Monday, Icelandair announced it has agreed to acquire the upstart Icelandic ultra-low-cost carrier.

"Icelandair Group has entered into a share purchase agreement to purchase all shares of airline WOW air," the carrier said in a statement.

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