Business

Frontier Airlines sale delayed

INDIANAPOLIS — The parent company of Frontier Airlines says a deadline to sell the airline will be extended by two more days.

Republic Airways, Frontier’s owner, has agreed to sell it to Indigo Partners, an investment firm in Phoenix. But before the sale can close, Indigo says it needs agreements with the union for Frontier flight attendants, and with credit card issuer Barclays.

Republic said Tuesday that Indigo has informed it that ‘‘good progress’’ is being made in the talks but no deal has been reached yet. Monday was the original deadline for Indigo to terminate the deal.

Advertisement

Indigo has said it wants to turn Denver-based Frontier into an ultra-discount airline.

Get Talking Points in your inbox:
An afternoon recap of the day’s most important business news, delivered weekdays.
Thank you for signing up! Sign up for more newsletters here

Shares of Republic Airways Holdings Inc. closed down 3.69 percent at $11.73.

Associated Press