its all beans in the pot... right now they run the show and they don’t have a BOD or shareholders to answer to... if they figure out an IPO is more lucrative, they’ll probably do it but they’re trying to do something different now... it’s not a cash flip like spirit was...[/QUOTE]

Spirit wasn’t supposed to be a cash flip, they only exited their investment in Spirit to raise capital to buy Frontier in cash. Frontier was nearly a full stake buy and was a bargain. Franke admitted this much, saying he first tried to get Spirit to purchase Frontier. Case in point, the only other large airline investment they’ve exited is Whizz, due to the recent changes in EU law for foreign ownership.

I think they knew a while back they had cash coming from Whizz and they no longer needed the IPO money from Frontier for their near-term investment strategy. Frontier won’t go public until they need cash again and the market for IPOs promotes it.

IMO, Indigo is here to stay and it could be a while before they take Frontier public.