Republic Seals Midwest, Frontier Deals

Aviation International News » September 2009
August 28, 2009, 7:51 AM

Republic Airways, on July 31, completed its acquisition of Midwest Airlines, then won a bid last month for Frontier Airlines after Southwest Airlines withdrew when talks between the airlines’ pilots for a new labor deal stalled. Republic paid $6 million in cash and has issued a $25 million five-year note convertible to Republic stock at $10 a share for Midwest. It bid $108.75 million for Frontier. Now flying 12 Embraer E170s as Midwest Connect, Republic plans to replace Midwest’s remaining Boeing 717s with Embraer E190s. Republic plans to leave Frontier, a low-fare airline operating under Chapter 11 bankruptcy out of Denver, largely intact.

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.