Indigo Partners Announces Plans to Distribute Frontier Group Holdings Common Stock to its Limited Partners By


William A. Franke, George Robertsis an Investment Fund Advised by Wildcat Capital Management Continue to Support Frontier Group Holdings as Significant Shareholders

PHOENIX, March 29, 2024 /PRNewswire/ — Indigo Partners LLC (“Indigo”) has advised Opinions of the company Frontier Group Holdings, Inc. (NASDAQ: ULCC) (“Frontier” or the “Company”), the parent company of The opinion of the company Frontier Airlines, Inc.that it will distribute shares of Frontier common stock held by the fund to its members, including William A. FrankeChairman of the Frontier Board of Directors, and Indigo Partners money, including George Roberts and mutual funds advised by Opinions of the company Wildcat Capital Managementfinancial adviser to several clients, incl David Bonderman. The partial distribution coincides with the end of the investment fund managed by Indigo that was established to buy the Company at the end of 2013, which had a 10-year term.

Indigo currently owns 178,834,034 shares of Frontier common stock, representing approximately 80% of the shares outstanding.1. As part of the distribution, approximately 99.4 million shares, representing approximately 44% of the outstanding shares, will be distributed to Mr. Franke, or entities controlled directly or indirectly. Indigo intends to distribute pro-rata shares to unaffiliated investors Mr. Franke round or round April 1, 2024.

“Over the past 10 years, we’ve made significant progress and solidified Frontier’s position as a leader in the low-cost carrier segment,” he said. Mr. Franke. “While Indigo’s limited partnership has reached its peak, I look forward to continuing to serve as Chairman of the Frontier Board and participate in the Company’s positive future.”

“I am delighted to have had the opportunity to work with Bill and David to invest in and help grow Frontier into an industry leader throughout this partnership,” he said. Mr. Roberts. “As we look to the next phase of Frontier’s growth, I am confident that Frontier will build on the success it has achieved to date.”

“I’ve been supporting Frontier for a long time and I believe it has the right strategy to compete and grow going forward,” he said Mr. Bonderman.

Once the distribution is effective, the Company will no longer be a “controlled company” under the provisions of s Nasdaq Stock Market, LLC. Therefore, the Company will make some changes to the guidelines after the authorized periods. Among other things, the company must have a compensation committee with independent directors, and a director selection process where directors are selected by a selection committee with independent directors or a vote of the Board of Directors with independent directors. As a result, William A. Franke has resigned from the Company Nomination and Corporate Governance Committee. Mr. Franke will remain the Director and Chairman of the Board.

About Indigo Partners
Indigo Partners LLC is a private company founded by Franke’s in 2003 to track purchases and expenses for aviation and other industries. The company was the leading company Tiger Airways based in Singapore and Spirit Airlines (NYSE:) from Ft. Lauderdale, Floridaand holding the lead investment in Wizz Air Holdings, Plc, a ULCC with multiple bases in Central and Eastern Europe; Frontier AirlinesULCC based in Denver; Volaris AirlinesULCC based in Mexico City; Cebu Pacific, a ULCC from in the Philippines; and JetSMARTULCC based in Chile. Indigo is headquartered at Phoenix, Arizona.

Caution Regarding Forward Looking Information
Certain statements in this release should be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and beliefs about current and future events and expected financial conditions. Words like “anticipate,” “will,” “plan,” “intend,” “anticipate,” “indicate,” “remain,” “believe,” “estimate,” “forecast,” “guidance,” “outlook,” “appearance,” “hope,” “will,” “plan,” “purpose,” “hope,” “indicates,” “remain,” “belief,” “hope,” “prediction,” “guidance,” “appearance , ” “goals,” “goals” are synonyms for the purpose of identifying future statements. In addition, forward-looking statements include statements that do not relate to historical events, such as statements that confirm uncertainties or events, discuss the possible future results of current or uncertain events, or that indicate future outcomes of known or uncertain events. we cannot predict, confirm or guarantee. All forward-looking statements in this release are based on information available as of the date of this report. Indigo undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changes in circumstances or otherwise, except as required by law.


Joanne Lesner

1 Percentage ownership based on 223,886,304 shares of common stock outstanding is March 27, 2024.

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