BREAKING NEWS

BREAKING NEWS

Icelandair to buy WOW Air in all-share deal

Now Reading :

Icelandair to buy WOW Air in all-share deal

Icelandair to buy WOW Air in all-share deal
@ Copyright :
Michaela Rehle(Reuters)
Text size Aa Aa

(Reuters) - Icelandair Group <ICEAIR.IC> said on Monday it had agreed to acquire WOW air for about $18 million (14 million pounds) in an all-share deal.

Icelandair said both companies would continue to operate under separate brands and would have a combined 3.8 percent share of the transatlantic market.

(Reporting by Tommy Lund; Editing by Jon Boyle)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.