The proposed investment of Indigo Partners LLC (“Indigo Partners”) in WOW air has been cancelled by Indigo Partners. Therefore, all negotiations between WOW air and Indigo Partners have been cancelled.

Subsequently WOW air has started discussions with Icelandair Group, once again. The parties aim to conclude the negotiations by Monday March 25, 2019.
This was announced yesterday evening. Icelandair and WOW air have made no comment as yet.
A statement was released by the Icelandic government yesterday saying that the government would follow the turn of events closely and hope that the negotiations between the two airlines have a positive outcome.

There is a lot at stake, if WowAir can not work out a deal with Iceland Air this time, that can mean the end of the airline.