Republic Air Completes Acquisition Of Frontier Airlines
October 01 2009 - 12:23PM
Dow Jones News
Republic Airways Holdings Inc. (RJET) said Thursday it completed
its acquisition of Frontier Airlines Holdings Inc. (FRNTQ), which
has emerged from bankruptcy protection along with its subsidiaries
Frontier Airlines and Lynx Aviation.
In August, Republic beat out Southwest Airlines Co. (LUV) for
the Denver-based carrier, agreeing to buy it for $108.8 million and
waiving any right to waive the recovery on a $150 million general
unsecured claim.
Shares of Republic slipped about 3.4% at last check to
$9.01.
-By Christopher Hinton; 415-439-6400;
AskNewswires@dowjones.com