M&A Deal Summary

Indigo Partners Acquires Frontier Airlines

On October 3, 2013, private equity firm Indigo Partners acquired airliner Frontier Airlines from Republic Airways Holdings for 145M USD

Acquisition Highlights
  • This is Indigo Partners’ 1st transaction in the Airlines sector.
  • This is Indigo Partners’ largest (disclosed) transaction.
  • This is Indigo Partners’ 1st transaction in the United States.
  • This is Indigo Partners’ 1st transaction in Colorado.
Investment Fate
  • Frontier Airlines went public in 2021.

M&A Deal Summary
Date 2013-10-03
Target Frontier Airlines
Sector Airlines
Buyer(s) Indigo Partners
Sellers(s) Republic Airways Holdings
Deal Type Divestiture
Deal Value 145M USD

Target

Frontier Airlines

Denver, Colorado, United States
Frontier aircraft taxiing in Ft. Lauderdale, Florida.
Frontier aircraft taxiing in Ft. Lauderdale, Florida.
Frontier Airlines is an ultra low-cost carrier whose business strategy is focused on low fares. Frontier offer flights throughout the United States and to select international destinations in Mexico and the Caribbean. Frontier Airlines was founded in 1994 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Indigo Partners

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Focused
DESCRIPTION

Indigo Partners is a private investment firm focused on the transportation sector. Indigo Partners was formed in 2002 and is headquartered in Phoenix, Arizona.

DEAL STATS #
Overall 1 of 2
Sector (Airlines) 1 of 2
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-30 WOW air

Reykjavík, Iceland

WOW air is a provider of airline services in Iceland, Europe, and North America.

Buy -

Seller(S) 1

SELLER

Republic Airways Holdings

Indianpolis, Indiana, United States
Category Company
Founded 1973
Sector Airlines
Employees5,935
Revenue 1.4B USD (2014)
DESCRIPTION

Republic Airways Holdings, Inc. is an aviation holding corporation, which owns three airlines operating in the United States: Chautauqua Airlines, Republic Airlines and Shuttle America. Republic Airways Holdings, Inc. was founded in 1973 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 1 of 1
Sector (Airlines) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-13 Frontier Airlines

Denver, Colorado, United States

Frontier Airlines is an ultra low-cost carrier whose business strategy is focused on low fares. Frontier offer flights throughout the United States and to select international destinations in Mexico and the Caribbean. Frontier Airlines was founded in 1994 and is based in Denver, Colorado.

Buy -
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