Home Business NewsBusinessAviation News Wow Air cancels flights as takeover will not ‘materialise’

Wow Air cancels flights as takeover will not ‘materialise’

by LLB Reporter
25th Mar 19 12:35 pm

Budget airline Wow Air cancelled flights on Monday morning as the airline is struggling to stay afloat as an acquisition by a US private equity collapsed.

According to the Independent newspaper, a flight from Gatwick Airport to Iceland’s capital, Reykjavik was cancelled.

A spokesperson for Wow Air said, “Due to the delay of an incoming flight from North America, we have combined our two London departures today.”

Wow Air were in takeover talks with rival, Icelandic budget airline Icelandair.

On Sunday Icelandair said in a statement, “Icelandair Group has decided that its possible involvement in Wow Air’s operations, as announced on 20 March 2019, will not materialise.

“Therefore, all discussions between the parties have ended.”

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