Frontier Airlines reportedly prepping again for IPO

Sunday, 30 Mar, 2017 0

 

IPO talk is again on the agenda at low cost carrier Frontier Airlines.
 
The carrier reportedly began initial talks with banks for a public offering for the first time back in December 2015 and rumors have surfaced a number of times since of a potential IPO.
 
Bloomberg reports Frontier’s Phoenix-based parent, private-equity firm Indigo Partners LLC may launch a public offering by the second quarter this year.
 
Bloomberg cites people familiar with the matter saying JPMorgan Chase & Co., Deutsche Bank AG, Citigroup Inc. and Evercore Partners have been instructed as underwriters.
 
Back in January this year the New York Times reported of a possible US$500 million IPO, which would put the company’s value at about $2 billion.
 
Indigo chief William Franke has long advocated taking the airline public.
 
Denver based Frontier was once a public company before being brought out of bankruptcy after a sale to Republic Airways Holdings seven years ago.
 


 

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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



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