IPO talk is again on the agenda at low cost carrier Frontier Airlines.
The carrier reportedly began initial talks with banks for a public offering for the first time back in December 2015 and rumors have surfaced a number of times since of a potential IPO.
Bloomberg reports Frontier’s Phoenix-based parent, private-equity firm Indigo Partners LLC may launch a public offering by the second quarter this year.
Bloomberg cites people familiar with the matter saying JPMorgan Chase & Co., Deutsche Bank AG, Citigroup Inc. and Evercore Partners have been instructed as underwriters.
Back in January this year the New York Times reported of a possible US$500 million IPO, which would put the company’s value at about $2 billion.
Indigo chief William Franke has long advocated taking the airline public.
Denver based Frontier was once a public company before being brought out of bankruptcy after a sale to Republic Airways Holdings seven years ago.
