TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Frontier Airlines sold to investor

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By The Associated Press
Wednesday, Oct. 2, 2013, 12:01 a.m.
 

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.

Subscribe today! Click here for our subscription offers.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Password change can block hackers from wireless cameras
  2. Typewriters back in style, keeping repair shops busy
  3. Former athletes open businesses
  4. Workarounds exist for battery woes
  5. North Dakota oil boom attracts crime
  6. Chevron laying off 162 workers from Moon-based unit
  7. $300K in wine bottles stolen from Napa Valley restaurant found in North Carolina cellar
  8. Hard-hit worker wonders where the economic resurgence is
  9. Energy industry says it’s on top of methane leaks, but environmentalists want oversight
  10. Interest in hybrid, electric vehicles declines while gas prices fall
  11. Beaver County power plant cleaning up spill into creek