Dépêches
Republic Airways Announced as Winning Bidder in Auction of Frontier Airlines
Dépèche transmise le 13 août 2009 par Business Wire

Republic Airways Announced as Winning Bidder in Auction of Frontier Airlines
INDIANAPOLIS--(BUSINESS WIRE)--Republic Airways Holdings (NASDAQ: RJET) today announced that it has been declared the winning bidder in the auction to acquire Frontier. The auction was conducted under procedures established in Frontier’s Chapter 11 bankruptcy case.
“I look forward to welcoming Frontier to our Republic family,” said Bryan Bedford, Chairman, President and CEO of Republic. “Frontier has made impressive strides in returning to sustained profitability in a challenging and uncertain economic environment. We congratulate the employees of Frontier. Their commitment and perseverance during the bankruptcy process has allowed the Frontier brand to survive and thrive. Now, we have to turn our attention to the important work of integrating two great brands: Frontier and Midwest Airlines, which enjoy strong loyalty in Denver and Milwaukee.”
“We are pleased to have Republic as a plan sponsor,” said Sean Menke, Frontier President and Chief Executive Officer. “Today’s announcement is the beginning of a wonderful new chapter for this proud organization.”
Pursuant to its investment agreement, Republic has agreed to purchase 100% of the stock of Frontier Holdings upon its emergence from bankruptcy for $108.75 million, so long as certain conditions are met. Republic also agreed to waive any right to recovery on its $150 million general unsecured claim.
Republic Airways Holdings, based in Indianapolis, Indiana is an airline holding company that owns Chautauqua Airlines, Midwest Airlines, Mokulele Airlines, Republic Airlines and Shuttle America, collectively “the airlines”. The airlines offer scheduled passenger service on approximately 1,400 flights daily to 98 cities in 39 states, Canada, Mexico and Jamaica under branded operations at Midwest Airlines and Mokulele Airlines, and through fixed-fee airline services agreements with five major U.S. airlines. The fixed-fee flights are operated under an airline partner brand, such as AmericanConnection, Continental Express, Delta Connection, United Express, and US Airways Express. The airlines currently employ over 6,000 aviation professionals and operate 228 aircraft.
In addition to historical information, this release contains forward-looking statements. Republic Airways may, from time-to-time, make written or oral forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements encompass Republic Airways’ beliefs, expectations, hopes or intentions regarding future events. Words such as "expects," "intends," "believes," "anticipates," "should," "likely" and similar expressions identify forward-looking statements. All forward-looking statements included in this release are made as of the date hereof and are based on information available to Republic Airways as of such date. Republic Airways assumes no obligation to update any forward-looking statement. Actual results may vary, and may vary materially, from those anticipated, estimated, projected or expected for a number of reasons, including, among others, the risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated into this release by reference.
- 04/06 Cathay Pacific relance sa liaison vers Adélaïde
- 04/06 Nesher Aviation commande des Tecnam P-Mentor
- 04/06 Airbus livre le premier A321XLR motorisé par Pratt & Whitney à Wizz Air
- 04/06 Finnair étoffe son programme hivernal
- 04/06 Le premier Bombardier Global 8000 de série effectue son vol inaugural
- 04/06 Le Groupe Qatar Airways annonce les meilleurs résultats financiers de son histoire
- 04/06 Corsair signe un partenariat avec Hertz
- 01/06Incident au sol d'un Spitfire à Biscarrosse
- 31/05Meeting Cerny-La Ferté-Alais 2025 : et si vous voliez en DC-3
- 31/05 Le deuxième prototype du Cessna Citation CJ4 Gen3 prend son envol avec succès
- 31/05 Textron Aviation annonce sa venue au salon du Bourget 2025
- 31/05 Qatar Airways a signé une commande record avec Boeing et GE Aerospace
- 31/05 ATR et Braathens prolongent leur collaboration pour soutenir l’essor du wet lease
- 31/05 Air Tahiti Nui : nouveau kit enfants
- 31/05 Emirates et AEGEAN renforcent leur partenariat avec un partage élargi de leurs programmes de fidélité
- 31/05 United dévoile sa nouvelle cabine Elevated
- 31/05 AviLease passe une première commande auprès de Boeing
- 26/05 Cathay réouvre son salon The Bridge à l'aéroport de Hong Kong
- 26/05 Volotea a célébré 75 millions de passagers
- 26/05 Transavia ouvre 10 nouvelles lignes vers le Maroc