NEW YORK ( The Deal) -- Republic Airways Holdings (RJET ) on Tues., Sept. 17, further delayed the long-running auction of its Frontier Airlines discount unit, extending exclusive negotiations with a potential buyer until Sept. 30.Indianapolis-based Republic, which has had Frontier on the block since November 2011, in July signed a nonbinding term sheet with an unnamed party interested in acquiring the discounter. Industry sources say the would-be buyer is private equity firm Indigo Partners, which this summer liquidated its stake in discounter Spirit Airlines Inc. ahead of a potential Frontier bid.
The Deal: Frontier Airlines Stuck on the Runway
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