Reuters - Spirit Airlines Chairman to Exit as Indigo Divests Stake

The chairman of Spirit Airlines Inc plans to resign in August as funds affiliated with private equity firm Indigo Partners LLC divest their stake in the company, writes Reuters. William A. Franke, chairman of the board of Spirit Airlines, plans to resign at the company's next board meeting, scheduled for Aug. 7. John R. Wilson, a director, also plans to resign at that time, writes Reuters.

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