Indigo Partners: Acquisition of Frontier Airllines expected to close in late Nov-2013

Indigo Partners issued (06-Nov-2013) a further statement on the status of the company's pending acquisition of Frontier Airlines from Republic Airways Holdings. The company stated: "Indigo Partners has informed Republic Airways that its planned acquisition of Frontier Airlines will move forward. Major conditions, including agreements with FAPAInvest and Barclaycard are satisfied, as are other commercial and business arrangements. An agreement has not been reached with the Association of Flight Attendants (AFA); however, Indigo has informed Republic that it will waive that condition. The transaction is expected to be finalized later this month, subject to receipt of certain regulatory approvals and other customary closing conditions." Indigo Partners managing partner William Franke added: "We are pleased about the progress we have made to resolve major issues and move this acquisition toward closing. We look forward to completing the transaction and continuing to extend Frontier's reach and service as a leading, nationwide ultra-low cost carrier (ULCC)." [more - original PR]