Indigo Partners and Wow air have agreed in principle for Indigo to invest in Wow. The terms of the transaction were not disclosed, however. In a statement, Wow Air said that following successful completion of due diligence, the parties would work to close “as soon as practicable”. Wow’s CEO and primary shareholder, Skuli Mogensen, would remain a principal investor in Wow upon completion of the transaction. “The demand for low-cost air service continues to expand rapidly worldwide, and with Indigo as a partner, we hope to take full advantage of this highly attractive market segment,” said Mogensen. “I am excited
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