Frontier Airlines emerges from bankruptcy
Frontier Airlines emerged from bankruptcy protection on Thursday, under new ownership but still facing a tough competitive
situation at its Denver base.
Frontier Airlines emerged from bankruptcy protection on Thursday, under new ownership but still facing a tough competitive
situation at its Denver base.
Frontier Airlines is set to exit bankruptcy protection on Thursday as part of Republic Airways, which seems determined
to run an efficient airline even if it ruffles some feathers in the process.
An official with a flight attendants’ group says Midwest Airlines will be laying off 120 pilots and flight attendants by Dec.
1, along with about 50 other employees.
Frontier Airlines Holdings Inc. said on Monday it will close its reservations center in Las Cruces, N.M., where 118 people
work.
Locally based Republic Airways Holdings, which earlier this month said it could move up to 400 jobs gained through its
Frontier Airlines acquisition to Indianapolis or Milwaukee, has hinted it may move nearly twice that number to its headquarters
city.
The mammoth facility near Indianapolis International Airport now employs as many people as it did when United Airlines abandoned it
six years ago, but its new tenants are contending with struggles of their own.
Republic Airways Holdings Inc. is considering shifting as many as 250 jobs to its home base of Indianapolis as a result of
its pending acquisition of Frontier Airlines Holdings Inc. in Denver, according to a news report.
Frontier Airlines Holdings Inc. said yesterday that creditors have approved its bankruptcy reorganization plan, including
its planned purchase by Republic Airways.
Republic Airways Holdings Inc. is nearing judgment day in its battle with Southwest Airlines Co. for ownership of Frontier
Airlines Holdings Inc.
Indianapolis-based Republic Airways Holdings Inc. and Southwest Airlines Co. will battle it out in a bankruptcy court auction
today for the rights to acquire Denver-based Frontier Airlines Holdings Inc.
Republic Airways Holdings won the bankruptcy court auction for Frontier Airlines today, buying the Denver-based carrier
for almost $108.8 million after rival Southwest Airlines Co.’s bid was rejected.
Southwest Airlines Co.’s bid for Denver-based Frontier Airlines Holdings Inc. may have hit turbulence, according to the Dallas
Morning News.
Republic Airways Holdings says it has completed its acquisition of privately held Midwest Airlines
for $31 million in cash and debt.
By purchasing two struggling airlines for which it flies, Republic Airways Holdings is taking aboard substantial risks that
threaten its profitable niche, analysts say. Frontier Airlines and Midwest Airlines are not only leaking money, but fly at
an altitude where major carriers routinely dogfight
in a fare war Republic hasn’t had to fight as a contract carrier.
Republic Airways Holdings plans to add more than 1,000 jobs, including some at its Indianapolis headquarters, thanks to a deal to fly larger aircraft for US Airways and its first contract to fly for Continental Airlines.