Republic Airways Buys Bankrupt Frontier Airlines
LINDA WERTHEIMER, host:
NPR's business news starts with an airline merger.
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WERTHEIMER: The bankrupt Frontier Airlines has been a hot property. Republic Airways and Southwest were in a bidding war for the discount carrier and yesterday Republic Airways clinched the deal. Southwest had offered a much higher bid, but its pilots couldn't come to a labor agreement with the Frontier pilots. Republic, which is actually an airline-holding company that operates several regional airlines says it will pay about $109 million for Frontier's stock.
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