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.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Nervous investors crunch stocks
  2. FedEx investing another $1.2B in growth projects at FedEx Ground in Moon
  3. Calgon Carbon poised for explosive growth
  4. Rural communities can’t shake effects of subprime crisis
  5. Chevron puts $20M into educating, training Appalachian workers
  6. High pollution levels found near Ohio gas wells
  7. Amid struggles, top fiscal executive to leave EDMC
  8. Aesynt CEO gets technology council honors
  9. Russian steel to lose duty shelter
  10. Natrona Bottling Co. keeps soda pop operation focused on craft, taste
  11. Fannie Mae might take 3% down
Subscribe today! Click here for our subscription offers.