holding company

Republic Airways Buys Bankrupt Frontier Airlines

NPR Programs: Morning Edition  Fri, 08/14/2009 - 3:50am

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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