Indigo Partners eyes 49% stake in WOW air initially

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Indigo Partners eyes 49% stake in WOW air initially

Postby Greg on Tue Jan 15, 2019 9:55 am

WOW air says Indigo Partners is planning to acquire a 49% stake in the carrier as an initial investment.

In a letter to bond holders dated January 9, WOW air founder and chief executive Skuli Mogensen said that once a deal has been done, the US low-cost carrier specialist's investment will primarily be in the form of a convertible loan with a 10-year maturity. Annual interest on the loan will be payable in kind or in cash on an annual basis. The principal and all accrued interest will be payable on the loan's maturity.

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