This Could Be Big
Billionaire William Franke, Head of Indigo Partners and Chairman of $Frontier Group(ULCC.US$, spearheaded the effort to merge with $Spirit Airlines(SAVE.US$
His 44% stake in Frontier is worth $734.8 million compared to Spirit’s overall market cap of $506.88 million.
Franke—who owns significant stakes in 3 other international ULCC airlines and previously owned a large stake in Spirit when he was Spirit’s Chairman—knows the value of Spirit’s orderbook, fleet, and infrastructure. Don’t be surprised if he takes another run at SAVE while it’s near All-Time Lows.
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