PHOENIX--(BUSINESS WIRE)--“Good progress has been made on all fronts as we work to satisfy conditions to close Indigo Partners' previously announced acquisition of Frontier Airlines from Republic Airways Holdings.
- “We are pleased to note in this regard that a tentative agreement has been reached with FAPAInvest on commercial matters.
- “While progress has been made, no agreement has been reached with Barclaycard about an extension of its credit card and associated line of credit.
- “We continue to work with the Association of Flight Attendants and we believe all sides recognize the importance of an agreement to both the AFA membership and to Frontier.
“We remain hopeful that remaining conditions to closing can be achieved in the next few days.”
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.