Home Medical Factors Facing Pilots Aviation Stories Of Interest FAA Exam Aviation News Maintenance and Aircraft Mechanics General Aviation Helicopters
Aviation History Legal Issues In Aviation Links To Other Sites Editorials Hot Air Balloon Aviation Training Handbooks Read Online Upcoming Events Editorials


Republic Airways Completes Sale Of Frontier Airlines To Venture Capital Firm
By Daniel Baxter

December 4, 2013 - Republic Airways Holdings Inc. announced that on Tuesday it has closed on the sale of Frontier Airlines for $36 million plus assumed debt to an investment fund, Indigo Partners LLC. Effective upon the closing of the sale, David Siegel, CEO and President of Frontier Airlines, resigned from Republic’s Board of Directors. 

Indigo Partners LLC is a private equity and venture capital company specializing in making investments in growth capital. The company makes business investments in the air transportation industry. The company was founded in 2002 and it is based in Phoenix, Arizona. 

Back in 2008, Frontier had filed for Chapter 11 bankruptcy as a result of First Data a credit card processor holding back proceeds from ticket sales. Upon filing bankruptcy the carrier was able to turn a profit. In 2009, Republic Airways Holdings acquire all assets of Frontier Airlines for the amount of $108 million. In January 2012 Republic Airways announced it would sell or spin off Frontier. 


“I wish my former colleagues at Frontier and their new owner, Indigo Partners, the very best and continued success in the transformation of Frontier to an ultra-low-cost carrier. I’d also like to thank Dave for his dedicated service to Republic over the past four years,” said Republic Airways Chairman, President and Chief Executive Officer Bryan Bedford.  

“With the sale of Frontier complete, Republic can now focus its full attention on its core regional jet business and continue to strengthen its relationships with its major airline partners,” Bedford added. Republic Airways Holdings, based in Indianapolis, Indiana, is an airline holding company that owns Chautauqua Airlines, Republic Airlines and Shuttle America, collectively “the airlines.” 

Frontier Airlines is headquartered in Denver, Colorado with a hub at Denver International Airport. It operates flights to 77 destinations throughout the United States, Costa Rica, the Dominican Republic, Jamaica, and Mexico. The company operates 56 aircraft (35 Airbus A319-100, 17 Airbus A320-200 and 4 Embraer E-190). The carrier has a code-share agreement with Great Lakes Airlines which connects passengers to surrounding Rocky Mountain States.



Other News Stories (For the latest news please checkout our home page)
blog comments powered by Disqus  
Home Aviation News Aviation Stories Of Interest FAA Exam Upcoming Events Links To Other Sites General Aviation Helicopters Medical Factors Facing Pilots
Maintenance and Aircraft Mechanics Hot Air Balloon Aviation Training Handbooks Read Online Aviation History Legal Issues In Aviation Sea Planes Editorials
 ©AvStop Online Magazine                                                                 Contact Us                                                  Return To News                                          Bookmark and Share  

AvStop Aviation News and Resource Online Magazine