WOW air commences formal discussions with investors and reaches agreement to convert bonds

    WOW air announced (26-Mar-2019) bondholders formally approved the conversion of bonds into equity towards the carrier’s voluntary restructuring. It added formal discussions with investors have commenced to fund the company and stated “this is an important milestone in financially restructuring the company and securing the long-term sustainability of WOW air” (Reuters, 26-Mar-2019). [more – original PR]