Deals
No-Frills Airline Frontier Files for U.S. Initial Offering
- Carrier, owner Indigo Partners plan to sell stock in IPO
- Airline has cut cost per seat per mile by 27% since 2013
This article is for subscribers only.
After three years of slashing costs and shaking up its flight routes, Frontier Group Holdings Inc. is ready to pitch its story to public investors.
The no-frills carrier filed for a rare U.S. airlines IPO with an offering size of $100 million, according to a filing Friday, which is a placeholder amount used to calculate fees and will change. Frontier and Indigo Partners, the private equity firm that acquired it in December 2013, plan to sell shares in the offering.