Icelandair Group pulls out of Wow Air discussions

Icelandic carrier Wow Air’s future appears increasingly uncertain after Icelandair Group ended newly-initiated discussions with the budget airline. Wow Air had entered talks with Icelandair Group on 21 March after previous potential suitor Indigo Partners pulled out of investment negotiations.But Icelandair Group says a possible involvement in Wow’s operations “will not materialise”.All discussions between the parties have ended,” it adds, without elaborating on the reasons.The talks had originally been due to continue until 25 March.