Indigo's Frontier said to hire Barclays, Deutsche Bank for IPO

Frontier Airlines hired underwriters for an IPO, people with knowledge of the matter said. Barclays, Deutsche Bank and JPMorgan Chase & Co are working on the IPO, said the people. Citigroup also will be working on the IPO, two people said. Frontier began talks with banks in December about going public.<br/>A Frontier IPO in the midst of a slow year for US stock-market debuts would be a victory for Indigo, which acquired the airline in 2013. Led by veteran airline executive William Franke, Indigo is no stranger to overseeing discount carriers: The firm once controlled Spirit Airlines, which went public in 2011, and is the largest shareholder in Wizz Air Holdings, Eastern Europe’s biggest low-fare operator. Representatives for Frontier and Indigo declined to comment, as did representatives for Barclays, Deutsche Bank, JPMorgan and Citigroup. Virgin America’s 2014 offering was the last major IPO in the US industry.<br/>