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US budget airline veteran to buy stake in struggling WOW Air after Icelandair abandons deal

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US budget airline veteran to buy stake in struggling WOW Air after Icelandair abandons deal
Indigo Partners, the private equity firm that owns Frontier Airlines and other discount carriers, says it will buy a stake in WOW Air, an ailing Icelandic budget airline. The announcement came hours after Icelandair Air called off its takeover of WOW.
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