Icelandair Group announced (29-Nov-2018) plans to cancel its acquisition of WOW air. The carrier signed a purchase agreement for the carrier on 05-Nov-2018 but revealed it would be unlikely to fulfil all conditions during a shareholder’s meeting on 30-Nov-2018. Icelandair‘s board said they do not intend to submit a proposal to postpone the purchase agreement. Icelandair CEO Bogi Nils Bogason said the management of both companies worked on project “in earnest” and added the outcome is “disappointing”. WOW CEO Skúli Mogensen said the purchase agreement was a “an ambitious task” from the outset. [more – original PR]
More Like this
Icelandair Group announces new company structure, Icelandair CEO to exitNovember 17, 2017 
CAPA: Icelandair will have less than half share of all seats to/from Iceland for the first timeJuly 10, 2018 - Air France-KLM chairman and CEO resigns, ‘interim’ solution to be confirmed on 15-May-2018May 7, 2018
Icelandair Group: Forecasts of rising average air fares have not materialisedAugust 1, 2018 
Italian Competition Authority approves Alitalia Loyalty SpA acquisitionJanuary 21, 2019 
WOW air CEO: Merger with Icelandair could lead to more rationalised networkSeptember 21, 2018 
DAE seeking to acquire 400 aircraft but ‘not happy with the price’ from Airbus and Boeing: CEOMay 18, 2018 
IAG to divest Norwegian shares if complete acquisition not achieved within one yearAugust 6, 2018 - WOW air to report ‘good’ results for 3Q2018: CEOAugust 23, 2018
‘WOW air brand will survive as a leading low cost long haul airline operating on our own AOC’: CEONovember 7, 2018 
Lufthansa Group/Eurowings aiming to enable bookings on a single ticket in 2019October 18, 2018 
Air France-KLM CEO notes cultural differences at Air France and KLMNovember 2, 2017
