Parent company finds buyer for Frontier Airlines
Last Updated: 137 days ago
DENVER - The parent company of Frontier Airlines says it has entered into a deal to sell the Denver-based airline.
Indianapolis-based Republic Airways Holdings Inc. hopes to complete the sale by the end of September. The company's CEO mentioned the deal during a quarterly earnings call Friday.
The CEO would not answer questions about the buyer or provide details about the process. He did say, however, the goal is to complete the transaction during the third quarter of the year.
Airline industry analyst Mike Boyd of Evergreen-based Boyd Group International tells 7NEWS he believes the leading company to purchase Frontier is Indigo Partners. Indigo is the parent company of Spirit Airlines and already owns other carriers.
The low-cost airline was put up for sale in November 2011. Republic bought Frontier out of bankruptcy protection in 2009 with a bid of $108.8 million, beating out Southwest Airlines Co.
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