Republic Airways Completes Sale of Frontier Airlines to Indigo Partners
INDIANAPOLIS -- December 3, 2013
Republic Airways Holdings Inc. (NASDAQ: RJET) today announced that it has
closed on the sale of Frontier Airlines to an investment fund affiliated with
Indigo Partners LLC.
Effective upon the closing of the sale, David Siegel, CEO and President of
Frontier Airlines, resigned from Republic’s Board of Directors.
“I wish my former colleagues at Frontier and their new owner, Indigo Partners,
the very best and continued success in the transformation of Frontier to an
ultra-low-cost carrier. I’d also like to thank Dave for his dedicated service
to Republic over the past four years,” said Republic Airways Chairman,
President and Chief Executive Officer Bryan Bedford.
“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,” Bedford added.
Republic Airways Holdings, based in Indianapolis, Indiana, is an airline
holding company that owns Chautauqua Airlines, Republic Airlines and Shuttle
America, collectively “the airlines.” The airlines operate a combined fleet of
more than 250 aircraft and offer scheduled passenger service on over 1,300
flights daily to more than 110 cities in the U.S., Canada and the Bahamas
through fixed-fee flights operated under airline partner brands, including
American Eagle, Delta Connection, United Express, and US Airways Express. The
airlines currently employ approximately 6,000 aviation professionals. For more
information on Republic Airways, please visit our website at www.rjet.com.
Republic Airways Holdings
Peter Kowalchuk, 317-246-2470
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