Indigo Partners, LLC is an American

private equity firm A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including le ...

which has a controlling interest in the American

Frontier Airlines Frontier Airlines is a major ultra-low-cost U.S. airline headquartered in Denver, Colorado. It operates flights to over 100 destinations throughout the United States and 31 international destinations, and employs more than 3,000 staff. The ca ...

and Chilean low-cost

JetSmart JetSmart Airlines SpA, stylized as JetSMART, is a South American ultra low-cost carrier created by US investment fund (and co-founder of LBM Fermin Ithuralde) Indigo Partners, which also controls low-cost carriers like US airline Frontier Air ...

, as well as holding stakes in Mexican budget airline Volaris and European low-cost carrier Wizz Air. It has a partnership with Enerjet launched a new Canadian ultra-low-cost carrier called

Lynx Air Lynx Air, legally incorporated as 1263343 Alberta Inc., is a Canadian ultra-low-cost carrier based in Calgary, Alberta. It previously operated as Enerjet and was rebranded as Lynx Air on November 16, 2021. The first flight under the Lynx Air n ...

,. It was attempting to merge its majority-owned Frontier subsidary with US-based carrier Spirit Airlines. Indigo Partners was founded by Bill Franke and has set up a number of ultra-low-cost airlines around the world. It is headquartered in

Phoenix, Arizona Phoenix ( ; nv, Hoozdo; es, Fénix or , yuf-x-wal, Banyà:nyuwá) is the capital and most populous city of the U.S. state of Arizona, with 1,608,139 residents as of 2020. It is the fifth-most populous city in the United States, and the o ...

History

At the November 2017 Dubai Air Show, Indigo Partners signed a memorandum of understanding for 430

Airbus Airbus SE (; ; ; ) is a European multinational aerospace corporation. Airbus designs, manufactures and sells civil and military aerospace products worldwide and manufactures aircraft throughout the world. The company has three divisions: '' ...

: 273 A320neos and 157 A321neos for $49.5 billion at list prices: 146 aircraft will go to Wizz Air, 134 to

, 80 to Volaris and 70 to

. Wizz will get 72 A320neo and 74 A321neo, Frontier 100 A320neo and 34 A321neo, Volaris 46 A320neo and 34 A321neo and JetSmart 56 A320neo and 14 A321neo. Deliveries will begin in 2021, mostly in 2025-26 from

Toulouse, France Toulouse ( , ; oc, Tolosa ) is the prefecture of the French department of Haute-Garonne and of the larger region of Occitania. The city is on the banks of the River Garonne, from the Mediterranean Sea, from the Atlantic Ocean and from Pa ...

and Mobile, Alabama. Wizz Air previously ordered 110 A321neos at the 2015 Paris Airshow and its fleet will grow to 300 aircraft by 2025. Frontier received its first Airbus from Mobile in 2018 and its fleet will triple to 200, flying 50 million passengers in 2026. On November 29, 2018, Indigo Partners reached a preliminary agreement to buy Icelandic low-cost carrier Wow air after Icelandair Group dropped its takeover. On March 22, 2019, it was announced that Indigo Partners withdrew its offer to buy Wow Air. On November 14, 2021, Indigo Partners ordered 255 A321s.

References

Private equity firms of the United States Companies based in Phoenix, Arizona Financial services companies established in 2002 {{US-company-stub

History

Further reading

References