Imagine that, pilot unions could not agree on something :lol:Quote:
Originally Posted by moose135
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Imagine that, pilot unions could not agree on something :lol:Quote:
Originally Posted by moose135
I don't understand what incentive Southwest pilots would have to agree to this.
Not so surprising given the WN news...
Quote:
Republic Airways Wins Auction to Buy Frontier Air
By Tiffany Kary and Mary Schlangenstein
Aug. 13 (Bloomberg) -- Republic Airways Holdings Inc. won a bankruptcy court auction to buy Frontier Airlines Holdings Inc., bidding $108.8 million to beat Southwest Airlines Co.
Republic also agreed to waive distributions on its $150 million pre-petition unsecured claim, Frontier said today in a separate statement. U.S. Bankruptcy Judge Robert Drain in New York and regulators have yet to review the sale. Southwest bid $170 million Aug. 10, before the auction officially began.
“I look forward to welcoming Frontier to our Republic family,” Bryan Bedford, Republic’s chief executive officer, said today in that airline’s statement.
Indianapolis-based Republic was the 11th-largest U.S. carrier last year based on passenger traffic, while Denver-based Frontier was 13th and Dallas-based Southwest was fifth, according to data compiled by Bloomberg.
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This is HUGE defeat for WN and bad news for them at DEN. I'm sure the the folks at Frontier are happy with this news. I guess you can say win one for the small guy.