Frontier Airlines sold to investor
Frontier Airlines is being sold to William Franke, a pioneer of the cheap tickets and high fees airline business that is growing in this country and has spread overseas.
Franke is the former chairman of Spirit Airlines, which has earned consistent profits by jamming more seats on its planes and charging extra for things that other airlines do for free, such as printing a boarding pass at the airport or using the overhead bin.
Franke said he'll want to be careful about “what's going to fit best with that passenger base” when making any such changes.
His Indigo Partners LLC is buying Frontier for $36 million plus assumed debt.
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