Indigo Partners LLC
Indigo Partners LLC is a private equity firm founded in 2003 by Bill Franke, headquartered in Phoenix, Arizona. The firm specializes in acquisitions and strategic investments in the air transportation industry, notably establishing and operating ultra-low-cost carriers (ULCCs) worldwide, such as Frontier Airlines, JetSMART, Volaris, and Wizz Air. Indigo Partners employs fewer than 25 people and serves the aviation sector by supporting airline development and restructuring.
Investment Strategy
Indigo Partners LLC focuses on investments in the air transportation sector, with an emphasis on ultra-low-cost carriers in global markets. The firm’s strategy involves acquiring controlling stakes and providing strategic capital to airlines, enabling rapid fleet expansion, cost optimization, and competitive market entry. Indigo acts as an active investor, shaping airline operations, pursuing large-scale aircraft purchases, and driving consolidation through efficient, scalable business models. The approach is hands-on, leveraging deep industry expertise to support operational improvements and aggressive route expansion.
Top Holdings
Equity Positions (2)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
U ULCC | FRONTIER GROUP HLDGS INC | 53.57% | $116.5M | 32,092,007 | $13.57 | $3.63 | -$22.8M |
V VLRS | CONTROLADORA VUELA COMP DE A | 46.43% | $101.0M | 21,257,566 | $11.80 | $4.75 | -$10.0M |