Pri­vate Eq­uity Firm to Buy Fron­tier Air­lines

Business Traveler (USA) - - UPFRONT -

Repub­lic Air­ways Hold­ings Inc. has agreed to sell Fron­tier Air­lines to Indigo Part­ners LLC, a pri­vate-eq­uity firm led by vet­eran air­line ex­ec­u­tive Wil­liam Franke. The trans­ac­tion is val­ued at $145 mil­lion, in­clud­ing debt and $36 mil­lion in cash. The com­pa­nies say it will be fi­nal­ized by De­cem­ber if all sale con­di­tions are met.

Ac­cord­ing to Franke, Fron­tier in­tends to keep its home base and ma­jor hub at Den­ver In­ter­na­tional Air­port.

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