WOW air commences formal discussions with investors and reaches agreement to convert bonds

WOW air announced (26-Mar-2019) bondholders formally approved the conversion of bonds into equity towards the carrier's voluntary restructuring. It added formal discussions with investors have commenced to fund the company and stated: "This is an important milestone in financially restructuring the company and securing the long-term sustainability of WOW air" (Reuters, 26-Mar-2019). [more - original PR]