Republic Airways Buys Bankrupt Frontier Airlines Republic Airways clinched the deal Thursday to buy bankrupt carrier Frontier Airlines, winning a bidding war with Southwest for the discount carrier. Republic, an airline holding company that operates several regional airlines, says it will pay about $109 million for 100 percent of Frontier's stock.
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Republic Airways Buys Bankrupt Frontier Airlines

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Republic Airways Buys Bankrupt Frontier Airlines

Republic Airways Buys Bankrupt Frontier Airlines

Republic Airways Buys Bankrupt Frontier Airlines

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Republic Airways clinched the deal Thursday to buy bankrupt carrier Frontier Airlines, winning a bidding war with Southwest for the discount carrier. Republic, an airline holding company that operates several regional airlines, says it will pay about $109 million for 100 percent of Frontier's stock.

LINDA WERTHEIMER, host:

NPR's business news starts with an airline merger.

(Soundbite of music)

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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