Indigo Partners and WOW air Discussions Progressing
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Wednesday, December 5, 2018
REYKJAVIK, Iceland, Dec. 5, 2018 /PRNewswire/ --Indigo Partners ("Indigo") and WOW air ("WOW") initiated diligence meetings this week in Reykjavik as the initial steps to a potential Indigo investment after the signing of a term sheet last week.
Key Points:
- REYKJAVIK, Iceland, Dec. 5, 2018 /PRNewswire/ --Indigo Partners ("Indigo") and WOW air ("WOW") initiated diligence meetings this week in Reykjavik as the initial steps to a potential Indigo investment after the signing of a term sheet last week.
- A team from Indigo Partners spent the last two days with WOW air management to review the business and opportunities of the airline going forward.
- WOW air has a dedicated team and a strong brand that has significant potential," said Bill Franke, Managing Partner of Indigo Partners.
- I don't think we can find a better and more experienced partner to bring WOW air to the next level," said Skuli Mogensen, CEO and founder of WOW air.