- Takeover projected cost of just €18m.
- Wow air current shareholders will get just 5.4% of the value of Icelandair in return for the selling of shares.
To me it looks like we were talking about months if not weeks left in Wow air before this takeover was announced this morning. Lots and lots of route duplication and although it seems both brands will be maintained in the short-term, a lot of trimming needs to be made. Both company's in August just gone were announcing restructuring.
Will Icelandair Group be able to turn both fortunes around ? Interesting times ahead.