Icelandair Group has entered into a share purchase agreement to purchase all shares in the airline WOW air.
The acquisition is subject to, approval by Icelandair Group‘s shareholders, and the Icelandic competition authorities.
The companies will continue to operate under separate brands. Their combined market share on the transatlantic market is around 3.8%. The acquisition creates an opportunity for both companies to become even better prepared to provide international carriers with strong competition in the international airline market.
— Icelandair Group