It’s not quite a done deal yet. Indigo Partners, the ultra-LCC specialist looking to invest in Iceland’s Wow Air, said a few outstanding issues remain before it can sign the final documents. One is agreeing on Wow Air’s future network plans. Another is negotiating changes to contracts with aircraft lessors and other suppliers. Indigo also wants to be sure Wow Air’s bondholders—in other words, those who lent it money—are willing to relax some of their covenants.
