Icelandair Group has convened a shareholders´ meeting on November 30th. At the meeting, Icelandair Group’s shareholders will decide on whether the acquisition of WOW air hf. will be approved. The share purchase agreement contains numerous conditions which will have to be fulfilled before the meeting. At this moment, Icelandair Group estimates that it is unlikely that all of the conditions will be fulfilled by that time.
The company will continue to work on the transaction and the parties are continuing dialogue on next steps.
Bogi Nils Bogason, Interim President & CEO