Indigo's Frontier Airlines said to aim for Q2 IPO

Frontier Airlines is aiming to go public as soon as Q2, people with knowledge of the matter said. JPMorgan Chase & Co., Deutsche Bank AG, Citigroup Inc. and Evercore Partners Inc. are the leading underwriters on the deal, said the people, who asked not to be identified because the information is private. Barclays Plc, once poised to lead the IPO, will now have a more passive role after the departure of its airline analyst, the people said. Frontier, owned by private equity firm Indigo Partners, first began talks with banks about going public in December 2015. Spokesmen for Frontier, Indigo Partners and Evercore didn’t immediately respond to requests for comment. Representatives of JPMorgan, Deutsche Bank, Citi and Barclays declined to comment. Airline IPOs in the US are rare. Virgin America Inc. was the last to go public, raising $353m in November 2014, including an overallotment. <br/>