INDIANAPOLIS--(BUSINESS WIRE)--Dec. 3, 2013--
Republic Airways Holdings Inc. (NASDAQ: RJET) today announced that it
has closed on the sale of Frontier Airlines to an investment fund
affiliated with Indigo Partners LLC.
Effective upon the closing of the sale, David Siegel, CEO and President
of Frontier Airlines, resigned from Republic’s Board of Directors.
“I wish my former colleagues at Frontier and their new owner, Indigo
Partners, the very best and continued success in the transformation of
Frontier to an ultra-low-cost carrier. I’d also like to thank Dave for
his dedicated service to Republic over the past four years,” said
Republic Airways Chairman, President and Chief Executive Officer Bryan
“With the sale of Frontier complete, Republic can now focus its full
attention on its core regional jet business and continue to strengthen
its relationships with its major airline partners,” Bedford added.
Republic Airways Holdings, based in Indianapolis, Indiana, is an airline
holding company that owns Chautauqua Airlines, Republic Airlines and
Shuttle America, collectively “the airlines.” The airlines operate a
combined fleet of more than 250 aircraft and offer scheduled passenger
service on over 1,300 flights daily to more than 110 cities in the U.S.,
Canada and the Bahamas through fixed-fee flights operated under airline
partner brands, including American Eagle, Delta Connection, United
Express, and US Airways Express. The airlines currently employ
approximately 6,000 aviation professionals. For more information on
Republic Airways, please visit our website at www.rjet.com.
Source: Republic Airways Holdings Inc.
Republic Airways Holdings
Peter Kowalchuk, 317-246-2470