Indigo Partners Says its Pending Acquisition of Frontier Airlines will Move Forward

  Indigo Partners Says its Pending Acquisition of Frontier Airlines will Move
  Forward

Business Wire

PHOENIX -- November 6, 2013

Indigo Partners today issued the following statement on the status of its
pending acquisition of Frontier Airlines from Republic Airways Holdings:

“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.”

William A. Franke, managing partner at Indigo Partners said, “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).”

About Indigo Partners LLC

Indigo Partners is a private equity firm established by W. A. Franke in 2003
to pursue acquisitions and strategic investments in the air transportation and
related industries. The firm was a significant investor in Tiger Airways based
in Singapore and Spirit Airlines based in Ft. Lauderdale, Florida, and
maintains lead investments in Wizz Air Holdings, Plc, a ULCC with multiple
bases in Central and Eastern Europe and Volaris Airlines, a ULCC based in
Mexico City. Indigo Partners is headquartered in Phoenix, Arizona.

Contact:

Media:
Owen Blicksilver Public Relations, Inc.
Carol Makovich, 203-622-4781
carol@blicksilverpr.com
 
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