WOW-Icelandair deal collapses, WOW’s future uncertain

The deal between Indigo Partners and WOW collapsed last week, sending WOW directly to talks with its original suitor, Icelandair.

The talks collapsed Monday leaving WOW totally in the hands of it’s creditors.

Indigo was willing to take up to 49% of the airline, Icelandair the entire business.WOW has probably less than a 50:50 chance of surviving the year.