4-Dec-2013 7:43 AM

Republic Airways completes sale of Frontier Airlines to Indigo Partners

Republic Airways Holdings announced (03-Dec-2013) it has closed on the sale of Frontier Airlines to an investment fund affiliated with Indigo Partners. Frontier Airlines will remain headquartered in Denver. Frontier Airlines' CEO and president David Siegel resigned from Republic Airways' board of directors following the sale closure. Republic Airways' chairman, president and CEO Bryan Bedford stated, "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." Indigo Partners managing partner William Franke stated, "One key element to Frontier’s future success will be operating as an ultra low cost carrier that offers low fares. This model, coupled with the Frontier touch, will ensure opportunities for the Frontier team, and provide safe and reliable ULCC air service to our communities and beyond as we grow Frontier under this vision." [more - original PR - Republic Airways] [more - original PR - Indigo]

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