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Indigo Partners: Good progress 'on all fronts' in Frontier Airlines acquisition

4-Nov-2013 8:21 AM

Indigo Partners issued (01-Nov-2013) a statement regarding its pending acquisition of Frontier Airlines from Republic Airways Holdings. The company stated: "Good progress has been made on all fronts as we work to satisfy conditions to close Indigo Partners’ previously announced acquisition of Frontier Airlines from Republic Airways Holdings. We are pleased to note in this regard that a tentative agreement has been reached with FAPAInvest on commercial matters. While progress has been made, no agreement has been reached with Barclaycard about an extension of its credit card and associated line of credit. We continue to work with the Association of Flight Attendants and we believe all sides recognise the importance of an agreement to both the AFA membership and to Frontier. We remain hopeful that remaining conditions to closing can be achieved in the next few days." [more - original PR]