Indigo Partners Moving Forward With WOW Air Investment

@Lucky- you are misreading the (very confusing) sentence:

"Following successful completion of due diligence, the parties will work to close the investment as soon as practicable whereby Indigo Partners will acquire some of the shares in WOW..."

Which at first seems like it means they have completed due diligence, but the full sentence and the later one:

" In the aggregate, Indigo’s investment, assuming successful diligence, structuring and documentation would be for an amount up to USD 75 million."

Indicates that they have not completed due diligence. So they have to do three big things (I think):

1. Get bondholder approval for the investment by January 17.
2. Complete due diligence.
3. Close by February 28. The bondholder approval (if received) will expire after that.

Fools and their money are soon parted.

Amusing you'd think this is to turn the company around...this is purely an acquisition play, don't be surprised to see IcelandAir back in the mix.

@Gregg, that would be a very unusual outcome for Indigo Partners.

Indigo is Bill Franke, who back in the day was brought in to rescue and run America West. He hired a bean counter from American Airlines to groom for the CEO role -- that was Doug Parker. Doug eventually took over and Franke went on with his new Indigo Partners venture to save and own a controlling interest in Frontier. He then helped Doug and America West buy US Airways, and then American -- now the largest airline in the world.

Franke and Indigo don't make a lot of investments they can't make a lot of money on. It's not clear what the play here is with WOW, but if they complete due diligence and move forward it promises to be interesting.

Seems an easy and inexpensive way for frontier flights to connect to Europe.