Skift Take
If Indigo Partners isn't willing to invest, we're betting that things don't look pretty at Wow Air. Will the struggling carrier survive?
Wow Air has been forced to rekindle talks with rival Icelandair about a potential acquisition after Indigo Partners walked out on discussions.
The low-cost carrier is struggling financially and has had to scale back its operations in recent months.
In a short statement late Thursday, Wow Air said that Indigo Partners had canceled its proposed investment and that negotiations were over. It has subsequently started talking to Icelandair with the aim of concluding discussions by Monday.
Icelandair said the discussions would be based on the "failing firm defense," a term used in mergers that might not clear the usual competition hurdle. The argument
