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Republic Airways Completes Sale of Frontier Airlines to Indigo Partners

Direct News Source

03-Dec-2013 Republic Airways Holdings Inc. (NASDAQ: RJET) today announced that it has closed on the sale of Frontier Airlines to an investment fund affiliated with 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.

"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.