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Indigo Partners

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This article is about the private equity firm. For the Indian low-cost carrier, see IndiGo.
Indigo Partners
Company typePrivate equity firm
Founded2002 Edit this on Wikidata
FounderWilliam Franke
Headquarters
Phoenix, Arizona
,
United States

Indigo Partners, LLC[1] is an American private equity firm which has a controlling interest in the American Frontier Airlines and Chilean low-cost JetSmart, as well as holding stakes in Mexican budget airline Volaris and European low-cost carrier Wizz Air, while a partnership with Enerjet is planned to launch a new Canadian ultra-low-cost carrier.[2] Indigo Partners was co-founded by Bill Franke and has set up a number of ultra-low-cost airlines around the world. It is headquartered in Phoenix, Arizona.

History

At the November 2017 Dubai Air Show, Indigo Partners signed a memorandum of understanding for 430 Airbus: 273 A320neos and 157 A321neos for $49.5 billion at list prices: 146 aircraft will go to Wizz Air, 134 to Frontier Airlines, 80 to Volaris and 70 to JetSmart.[2] 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.[3]

Deliveries will begin in 2021, mostly in 2025-26 from Toulouse, France 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.[4]

On 29 November 2018, Indigo Partners reached a preliminary agreement to buy Icelandic low-cost carrier Wow Air after Icelandair Group dropped its takeover.[5]

On 22 March 2019, it was announced that Indigo Partners withdrew its offer to buy Wow Air.[6]

Further reading

  • Gross, Sven; Schröder, Alexander (2007). Handbook of Low Cost Airlines: Strategies, Business Processes and Market Environment. Erich Schmidt Verlag GmbH & Co KG. ISBN 9783503100811.

References

  1. ^ https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=10092110
  2. ^ a b Stephen Trimble (15 Nov 2017). "Indigo Partners signs MoU for 430 A320neos". Flightglobal.
  3. ^ Julie Johnsson, Mary Schlangenstein, and Benjamin D Katz (15 Nov 2017). "Airbus Seals $50 Billion Jet Deal to Outdo Boeing in Dubai". Bloomberg.{{cite news}}: CS1 maint: multiple names: authors list (link)
  4. ^ Tony Osborne (Nov 15, 2017). "Massive Narrowbody Aircraft Orders Rattle Dubai". Aviation Week Network.
  5. ^ Edward Russell (29 Nov 2018). "Indigo reaches tentative agreement to buy Wow Air". Flightglobal.
  6. ^ Ballah, Brett (2019-03-22). "WOW Air-Indigo talks collapse, urgent talks begin with Icelandair". Western Aviation News. Retrieved 2019-03-25.
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