Private Equity Firm to Buy Frontier Airlines
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.
For details visit flyfrontier.com.