WOW Air Gets a Lifeline From Parent of Frontier Airlines

Dec. 3, 2018
WOW Air, the struggling Icelandic carrier known for its purple planes and cheap fares to Europe, got a possible lifeline late Thursday.

WOW Air, the struggling Icelandic carrier known for its purple planes and cheap fares to Europe, got a possible lifeline late Thursday.

Indigo Partners, a Phoenix-based investment firm with stakes in Frontier and other low-cost carriers, said it has reached a preliminary agreement to invest in WOW. The companies said WOW CEO and primary shareholder, Skúli Mogensen, would remain a principal investor after the deal.

Read more: https://www.usatoday.com/story/travel/flights/2018/11/29/wow-air-proposed-investment-indigo-partners-parent-frontier-airlines/2156247002/