Tag Archives: Indigo Partners

WSJ: Sale of Frontier Airlines by Republic Airways Holdings to Indigo Partners stalls

Frontier Airlines (2nd) (Denver) may not be sold by its owner Republic Airways Holdings (Indianapolis) to Indigo Partners LLC as planned. According to the Wall Street Journal, negotiations between Republic and Indigo have stalled. Part of the problem is a complex dispute over which union represents Frontier’s pilots and whether the agreement that promised the equity stakes in Frontier is valid according to the WSJ report. September 30 is the end of the elusive period for Indigo unless it is extended again by Republic.

Indigo Partners (Phoenix) is a private equity firm established and headed by former America West Airlines CEO Bill Franke and is currently divesting itself of its common stock ownership in Spirit Airlines (Fort Lauderdale/Hollywood). Besides Spirit, Indigo has been involved in AviaNova, Mandala Airlines, Tiger Airways and Wizz Air.

Read the full report: CLICK HERE

Copyright Photo: Bruce Drum/AirlinersGallery.com. Wearing the new titles, Frontier’s Airbus A320-214 N220FR (msn 5661) with Sharklets and a Tiger Shark on the tail slowly taxies into the gate at Seattle-Tacoma International Airport.

Frontier Airlines:

Indigo Partners to divest its shares of Spirit Airlines

Spirit Airlines (Fort Lauderdale/Hollywood) has issued this statement about the shares owned by Indigo Partners:

Spirit Airlines, Inc. has announced the public offering of 12,070,920 shares of common stock by certain existing stockholders affiliated with Indigo Partners LLC. Upon completion of the offering, investment funds affiliated with Indigo will no longer own shares of common stock of Spirit Airlines. The company will not receive any proceeds from this offering. Barclays is acting as the sole underwriter for the offering.

The shares of common stock are being offered pursuant to the Company’s existing shelf registration statement filed with the Securities and Exchange Commission (SEC) on July 31, 2012.

In connection with the offering, the Company also announced that William A. Franke and John R. Wilson have informed the Company that upon completion of the offering, they expect to resign as directors at the next board meeting, presently scheduled for August 7, 2013. Upon Mr. Franke’s resignation, the Company’s board intends to elect Mr. H. McIntyre Gardner, a director since 2010, as Chairman of the Board.

Copyright Photo: Tony Storck/AirlinersGallery.com. Airbus A320-232 N617NK (msn 5387) prepares to touch down at Baltimore/Washington.

Spirit Airlines: