Indigo Partners eyes 49% stake in WOW air initially

DFW News and other topics posted by our members.

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.

CH Aviation
User avatar
Site Administrator
Posts: 2944
Joined: Tue Jan 01, 2008 7:18 pm
Location: DFW
Country: United States (us)

Return to DFW News & Discussion

Who is online

Users browsing this forum: Google Adsense [Bot] and 2 guests