Frontiers prepares to go public

admin
By admin March 9, 2016 11:35

Frontiers prepares to go public

The media has been awash with reports that Frontier Airlines, owned by Indigo Partners, is preparing to go public. This news is not new – Frontier has made no secret of its desire to launch an initial public offering (IPO), the timing is interesting, however. The equity markets have suffered during the start of 2016, with the lowest level of IPOs since the financial crisis. Indeed, there were no IPOs during the month of January. And just today, the equity markets have tanked on bad news from China. Nonetheless Bloomberg is reporting that Frontier has hired several banks, including Deutsche Bank, Barclays and JP Morgan Chase, to prepare an IPO, although the airline has not confirmed this and is unlikely too, wanting to keep details of the offering private for now.

Indeed, Frontier’s CEO Barry Biffle has moved to dispel the IPO rumours stating that the airline was focused on improving its service.

As we have said before, the Frontier ultra-low-cost model has been a great success so far and investors would buy into a promising airline.

admin
By admin March 9, 2016 11:35