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Aircraft and finance. Republic Airways gets rid of Frontier Airlines in a 145-million-dollar deal

Indianapolis, USA - The operation is expected to be concluded by December

Republic Airways announced the sale of its subsidiary Frontier Airlines to private equity firm Indigo Partners in an operation which is expected to have an overall value of 145 million dollars (107 million Euros). The transaction, which is still subject to the approval of regulatory authorities, is expected to be closed by December: Indigo will pay about 36 million dollars (26.6 million Euros) in...

AVIONEWS - World Aeronautical Press Agency - 1155516
Rome, Italy, 10/02/2013 14:32
AVIONEWS - World Aeronautical Press Agency

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