Reading Time: < 1 minute Icelandair, the flag carrier of Iceland, announced its plans to purchase it rival WOW Air, an Icelandic low-cost carrier. Therefore, the acquisition is still a subject to approval by Icelandair Group shareholders. Both airlines will continue their operations under separate brands and operating approvals. Icelandair as a full-service airline, while WOW Air as a budget airline. […]

Reading Time: 2 minutes Further airline industry consolidation is unlikely in the US in the near future, but carriers may seek to grow through joint ventures or investments in foreign airlines, according to PricewaterhouseCoopers (PWC). “I see no signals that further consolidation is imminent,” Jonathan Kletzel, PWC principal for travel and transportation, said at the IATA AGM in Cancun. […]