Indigo Partners investment in WOW air to take the form of 10 year convertible loan for 49% stake

WOW air CEO Skuli Mogensen stated (09-Jan-2019) Indigo Partners' proposed investment in WOW air "will primarily be in the form of a convertible loan with a 10 year maturity". Indigo Partners will acquire a 49% stake in the LCC initially and may increase its stake if permitted to under foreign ownership regulations. [more - original PR]