Who owns Frontier Airways? Frontier Airways is owned by Indigo Companions, an American personal fairness agency specializing in investments within the air transportation business. Indigo Companions acquired Frontier Airways in 2013, reworking it into an ultra-low-cost provider. The agency has a historical past of investing in airline corporations and holds stakes in varied airways around the globe. William A. Franke, co-founder and managing companion of Indigo Companions, serves because the Chairman of the Board of Frontier Airways.
Firm Historical past
Frontier Airways is an American ultra-low-cost provider headquartered in Denver, Colorado. It was based in 1994 by a gaggle of executives that included Sam Addoms, Sean Menke, and Al Lenza, initially underneath the title Phoenix Aviation and subsequently modified to Frontier Airways. The airline started operations on July 5, 1994, serving a small variety of regional locations. Possession of Frontier Airways has skilled a number of transitions through the years:1. From 1994 to 2000, Frontier’s possession was held by particular person shareholders and personal buyers, with the corporate publicly traded. The preliminary years noticed continued enlargement of companies and fleet dimension. 2.
In 2000, the airline introduced a merger with regional provider Nice Lakes Aviation, which made Nice Lakes the main shareholder of Frontier. Nonetheless, the merger was terminated in 2001. 3. In 2006, funding agency Indigo Companions LLC and New York-based hedge fund agency Marathon Asset Administration LLC shaped a partnership to amass management of Frontier. The partnership was known as Frontier Airways Holdings Inc. 4. In 2008, Frontier filed for chapter because of monetary challenges, together with excessive gas costs and monetary struggles confronted by its bank card processing firm.
5. In 2009, Republic Airways Holdings Inc., an airline holding firm that owns regional carriers like Chautauqua Airways, Republic Airways, and Shuttle America, acquired Frontier Airways out of chapter and have become the bulk proprietor. Frontier continued to develop its companies and routes underneath this possession construction. 6. In 2013, Republic introduced it could promote Frontier Airways to Indigo Companions, a non-public fairness agency with investments in varied airways, together with Wizz Air, Spirit Airways, and Volaris. The transaction was accomplished in December 2013 and marked the start of Frontier’s transformation into an ultra-low-cost provider. Beneath the possession of Indigo Companions, Frontier Airways has continued to develop its community, specializing in providing low-cost fares and an unbundled pricing mannequin.
Who was the unique founder?
Frontier Airways was initially based by Sam Addoms, who served because the CEO of the corporate till 2001. Sam Addoms was born in 1943 and graduated with a level in mechanical engineering from america Naval Academy. He later obtained his Grasp’s diploma in Enterprise Administration from Harvard Enterprise College.
Earlier than founding Frontier Airways, Addoms had a profitable profession within the vitality business, spending greater than 20 years working for varied corporations resembling ARCO, Champlin Petroleum, YPF, and Amax Oil and Fuel. His expertise within the enterprise world and strategic considering performed an important function within the institution and progress of Frontier Airways. In 1994, Addoms, together with a gaggle of different buyers, acknowledged the chance to serve the Denver, Colorado space after the chapter of Continental Airways’ Denver hub.
Consequently, they based Frontier Airways, aspiring to create a low-cost provider which commenced operations in July of that very same yr. With a give attention to offering high quality customer support, revolutionary concepts, and increasing to underserved areas, Frontier Airways grew quickly underneath his management. Sam Addoms performed an instrumental half in Frontier’s success earlier than departing from the corporate in 2001.
FAQ: Who owns Frontier Airways
1. Who’s the present proprietor of Frontier Airways?
Frontier Airways is at the moment owned by its guardian firm, Indigo Companions, a non-public fairness agency that focuses on investing in airways around the globe.
2. When did Indigo Companions purchase Frontier Airways?
Indigo Companions bought Frontier Airways in December 2013 from Republic Airways Holdings.
3. What’s the origin of Frontier Airways?
Frontier Airways was based in 1994 by a gaggle of executives from Continental Airways who left the corporate to begin their very own airline.
4. The place is Frontier Airways headquartered?
Frontier Airways is headquartered in Denver, Colorado, USA.
5. What number of locations does Frontier Airways serve?
As of now, Frontier Airways serves over 110 locations throughout america, Mexico, Canada, Puerto Rico, and the Dominican Republic.
6. How can I contact Frontier Airways’ customer support?
You possibly can contact Frontier Airways’ customer support by visiting their official web site or reaching out to them by way of their toll-free telephone quantity: 1-801-401-9000. They’re out there 24/7 to help you together with your queries.
Sources for Extra Info
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