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Thread: Southwest Preparing a Bid for Frontier Airlines

  1. #31
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    Re: Southwest Preparing a Bid for Frontier Airlines

    Quote Originally Posted by moose135
    A snag in WN's plans?

    http://www.dallasnews.com/sharedcontent ... bbefb.html

    Southwest Airlines' bid for Frontier runs into trouble
    09:49 AM CDT on Thursday, August 13, 2009
    By ERIC TORBENSON / The Dallas Morning News

    Imagine that, pilot unions could not agree on something :lol:
    The problem with socialism is that you eventually,
    run out of other people’s money.
    ” - Margaret Thatcher

  2. #32
    Moderator Matt Molnar's Avatar
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    Re: Southwest Preparing a Bid for Frontier Airlines

    I don't understand what incentive Southwest pilots would have to agree to this.
    Ladies and gentlemen, this is your captain speaking. We have a small problem.
    All four engines have stopped. We are doing our damnedest to get them under control.
    I trust you are not in too much distress. —Captain Eric Moody, British Airways Flight 9

  3. #33
    Senior Member moose135's Avatar
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    Re: Southwest Preparing a Bid for Frontier Airlines

    Not so surprising given the WN news...

    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.

    Full Story

  4. #34
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    Re: Southwest Preparing a Bid for Frontier Airlines

    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.

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