Low-cost carrier Frontier Airlines' buyer Indigo Partners expects to close the purchase of the carrier later this month, after waiving a condition for the deal.
Frontier's seller Republic Airways Holdings had previously said the sale is contingent on Indigo reaching deals with Frontier's pilot and flight attendants unions. Indigo has secured a tentative deal with the pilots but says today a deal with the Association of Flight Attendants-CWA has yet to be reached.
"Indigo has informed Republic that it will waive that condition," says Indigo. "The transaction is expected to be finalised later this month, subject to receipt of certain regulatory approvals and other customary closing conditions.”
Indigo's managing partner William Franke adds in a statement: "“We are pleased about the progress we have made to resolve major issues and move this acquisition toward closing. We look forward to completing the transaction and continuing to extend Frontier’s reach and service as a leading, nationwide ultra-low cost carrier (ULCC).”