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November 30, 2018

Icelandair abandons takeover of Wow

(AP) — Icelandair is dropping its $18 million purchase of financially troubled Wow Air, a rival Iceland-based budget airline that touts cheap flights between the U.S. and Europe.

Icelandair Group said Thursday it's unlikely terms of the Nov. 5 deal could be met in time for a shareholder meeting scheduled for Friday.


 
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