Frontier Airlines has hired Deutsche Bank AG (>> Deutsche Bank AG), JPMorgan Chase & Co (>> JPMorgan Chase & Co.) and Evercore to manage the debut, the newspaper reported. http://nyti.ms/2jgXFCT

The Denver-based airline is aiming to raise about $500 million, valuing the company at about $2 billion, NYT said, citing sources.

A spokesman for Frontier Airlines, which is owned by private equity firm Indigo Partners, declined to comment. Deutsche Bank, JPMorgan Chase and Evercore were not immediately available for comment outside U.S. business hours.

Bloomberg had reported last year in March that the company had hired Barclays Plc (>> Barclays PLC), Deutsche Bank, JPMorgan Chase, Citigroup Inc (>> Citigroup Inc) to work on its IPO. http://bloom.bg/2hWtUXM

(Reporting by Rama Venkat Raman in Bengaluru; Editing by Sunil Nair)