Spirit Airlines announced last week that Indigo Partners, the Arizona-based investment firm run by former America West Airlines head William Franke and Oaktree Capital Management of California, which already was a Spirit investor, "will provide significant resources for the Company to consolidate its position as the leading low-cost carrier to the Caribbean and pursue its long-term growth strategy." Franke has been named Spirit's chairman, a role he also holds at Wizz Air and Tiger Airways. ...

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