Legacy Travel Club lands members but still pursuing big investors
A proposed membership-based airline that had hoped for a 2013 launch has signed up lots of members but has yet to pull in the big investors it needs to put its own plane in the sky.
A proposed membership-based airline that had hoped for a 2013 launch has signed up lots of members but has yet to pull in the big investors it needs to put its own plane in the sky.
Indigo Partners LLC, led by veteran airline executive William Franke, has agreed to buy Frontier Airlines from Indianapolis-based Republic Airways Holdings Inc. for $36 million in cash. The total value of the transaction is $145 million including debt.
The Indianapolis-based regional carrier plans to tie up negotiations with a prospective buyer, believed to be headed by former Spirit Airlines Inc. Chairman Bill Franke.
The nonstop connection to Silicon Valley that Indianapolis’ tech community has been clamoring for is here, but a leading advocate for the service said it doesn’t meet his industry’s needs.
Gov. Mike Pence and executives from United Airlines on Wednesday formally announced that Indianapolis will receive nonstop daily service to San Francisco starting in January. IBJ first reported plans for the service last week.
The daily flights, which are expected to begin on Jan. 7, will fulfill a longtime wish of local tech firms eager for more direct access to the West Coast and Silicon Valley.
Frontier Airlines, the Denver-based airline owned by Indianapolis-based Republic Airways Holdings, may soon become a legitimate down-market competitor.
The Indianapolis-based company on Thursday reported quarterly earnings of $24.6 million, a 23-percent increase over the previous year. The earnings beat consensus analyst predictions by 4 cents per share.
Indianapolis International Airport will be among the first two airports in the nation to participate in the TSA’s push to expand eligibility for quicker security lines.
Indianapolis International Airport continued a campaign to lure travelers to its parking services with an announcement Monday morning that it will offer a customer rewards program.
Teamsters President James Hoffa wants to rein in leaders of the pilots union at Indianapolis-based Republic Airways Holdings Inc.
Frontier Airlines, a unit of Indianapolis-based Republic Airways Holdings Inc., plans to start charging up to $100 for a carry-on bag and $2 for coffee or a full can of soda, it announced Wednesday.
Republic Airways Holdings Inc. reported a first-quarter profit for the first time in four years Monday, but the company's stock fell Tuesday morning after the performance missed analyst forecasts.
The airport, which has been trying to beef up its direct service, will have 32 nonstop-flight destinations from Memorial Day through Labor Day, down a total of one from summer 2012.
American Airlines said Wednesday it is adding nonstop flights to more cities from Los Angeles, including to Indianapolis starting Aug. 27.
Frontier's decision means an end to a five-year stretch in which Delaware had no commercial air service, following the abrupt shutdown and bankruptcy filing by startup carrier Skybus Airlines in 2008.
American Airlines, the carrier reorganizing in bankruptcy, won court approval of an agreement for Republic Airways Holdings Inc. to operate regional jets for American.
It’s the second time in three years the airport has been honored as the best in North America based on customer satisfaction.
Restructuring efforts at Republic Airways Holdings spurred the regional airline operator to a fourth-quarter profit of $12.6 million, or 25 cents per share, the company announced Wednesday.
Frontier Airlines, a unit of Indianapolis-based Republic Airways Holdings Inc., said Monday that its flights will no longer be available on online travel agency Expedia.