Twitter LinkedIn
    Tuesday, August 9
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»IPO»With recovery on radar, two U.S. budget airlines plot IPOs
    IPO

    With recovery on radar, two U.S. budget airlines plot IPOs

    March 10, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    U.S. low-cost airlines Frontier and Sun Country plan to raise cash through initial public offerings (IPOs) as they prepare for a rebound in pandemic-hit travel

    Budget carriers are expected to bounce back quicker than larger rivals from the pandemic thanks to their lower-cost structures and focus on domestic leisure travel.

    Frontier Airlines, which withdrew listing plans in July, filed again on Monday, after Apollo Global Management-backed Sun Country Airlines launched an IPO to raise around $200 million, regulatory filings show.

    In its IPO filing, Denver, Colorado-based Frontier said that it was “well positioned to take advantage of the anticipated demand recovery as vaccine distribution continues.”

    Nearly 1.3 million people were screened at U.S. airports on Sunday, Transportation Security Administration data showed, the second-highest day in 2021 but down 40% from pre-COVID levels.

    Read more

    Source: Reuters

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital Investments IPO IPOs
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    New Warburg Pincus investment values MRL at $2.25B

    August 8, 2022

    BlackRock to offer Crypto for Institutional Investors through Coinbase

    August 8, 2022

    KKR forms strategic alliance with Loop Capital to offer equity research and distribution capabilities

    August 4, 2022

    Carlyle and GIC invest in Eneus Energy

    August 4, 2022

    Comments are closed.

    Other Articles

    Biosynth Carbosynth acquires KKR’s Pepscan

    July 5, 2022

    OmniActive Health secures strategic investment from TA Associates

    January 13, 2021

    Tribune Publishing receives $680 million buyout offer from Newslight

    April 7, 2021

    Paxos Raises USD300m in Series D Funding a USD2.4bn valuation

    April 30, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?