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Latest Republic Airways Holdings Stories

2009-08-13 18:45:00

DALLAS, Aug. 13 /PRNewswire-FirstCall/ -- Southwest Airlines (NYSE: LUV) confirmed today that its bid to acquire Frontier Airlines was not selected. Southwest submitted a bid of more than $170 million to Frontier Airlines on Monday, Aug. 10, 2009, in accordance with the procedures established in the U.S. Bankruptcy Court for the Southern District of New York. "We said all along that we would only move forward on this deal if it proved to be the right decision for our Employees and...

2009-08-11 12:34:30

Southwest Airlines dramatically increased its offer for Frontier Airlines, filing a binding bid of $170 million for the bankrupt Denver carrier. Southwest previously submitted a non-binding bid of $113 million, the Fort Worth (Texas) Star-Telegram reported Tuesday. Republic Airlines, owners of Chautauqua, Republic and Midwest airlines, also submitted a bid in New York bankruptcy court. Southwest's bid includes buying 80 percent of Frontier's fleet of Airbus planes, which it will then replace...

2009-08-10 13:31:00

DALLAS, Aug. 10 /PRNewswire-FirstCall/ -- Southwest Airlines (NYSE: LUV) confirmed today that the carrier submitted its binding cash offer of more than $170 million to acquire Frontier Airlines, which will be sold at auction as part of Frontier's bankruptcy case. The bid was submitted to Frontier in accordance with the procedures established in the U.S. Bankruptcy Court for the Southern District of New York. Over the next week, Southwest will discuss its offer with the various...

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2009-08-10 10:20:00

Southwest Airlines said it would submit a competitive bid this week for bankrupt Denver airline Frontier, which has one other bidder, Republic Airways. In July, Southwest submitted a non-binding proposal for Frontier of $113.6 million. The proposal includes folding Frontier and incorporating its assets to Southwest's operations. Republic, which owns Chautauqua, Republic and Midwest airlines, has submitted a bid of $108.7 million with a proposal that would keep Frontier largely intact, The...

2009-08-07 10:47:00

Agreement Also Settles Section 1113 Appeals DENVER, Aug. 7 /PRNewswire-USNewswire/ -- Frontier Airlines and Teamsters Local 961 announced entry into a consensual, long-term labor agreement and a comprehensive settlement of the company's litigation under Section 1113 of the Bankruptcy Code. The agreement modifies the wage and benefit reductions Frontier obtained from its International Brotherhood of Teamster (IBT)-represented employees under a Bankruptcy Court order last November. The new...

2009-08-03 13:16:00

WASHINGTON, Aug. 3 /PRNewswire-USNewswire/ -- The International Brotherhood of Teamsters Airline Division, which represents 26 commercial cargo and passenger air carriers nationwide, endorses the House Aviation Subcommittee Chairman Jerry Costello's (D-Ill.) legislation HR 3371 which would improve requirements for pilot hiring, training and duty time. Chairman Costello and his staff drafted legislation based upon recommendations by the representatives of the Teamsters Airline Division,...

2009-07-30 12:20:00

DALLAS, July 30 /PRNewswire-FirstCall/ -- Southwest Airlines (NYSE: LUV) confirmed today that the carrier is preparing a bid to acquire Denver-based Frontier Airlines, which will be sold at auction in bankruptcy court next month. The carrier has submitted a nonbinding proposal in accordance with the bidding procedures established in the U.S. Bankruptcy Court for the Southern District of New York. The bid is worth a minimum of $113.6 million, which is in excess of the bid currently filed...

2009-06-29 07:00:00

Agreement opens new cities for Frontier and Midwest customers DENVER, June 29 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. (Pink Sheets: FRNTQ) today announced its wholly owned subsidiary Frontier Airlines, Inc., has reached a codeshare agreement with Milwaukee-based Midwest Airlines. The agreement will allow customers of both airlines to travel to more destinations while enjoying a seamless ticketing and customer service experience. The agreement, which is scheduled to begin...

2009-06-24 14:16:35

Republic Airways Holding said it would take over two struggling airlines, Frontier, based in Colorado, and Midwest, based in Wisconsin. Having loaned the Colorado carrier $40 million in March, Republic already owns a portion of Frontier, the country's third largest low-cost carrier, which is in Chapter 11 court protection, the Indianapolis Star reported Wednesday. The purchase price for the bankrupt airline, which earned $264 million in revenue in the first quarter, was $109 million. Frontier...

2009-06-15 08:13:00

PARIS, June 15 /PRNewswire-USNewswire/ -- Teal Group forecasts production of 2,909 regional aircraft worth $65.9 billion between 2009 and 2018. This includes 1,732 regional jets worth $46.9 billion, and 1,177 turboprops worth $19 billion. These numbers are all in 2009 dollars. "These numbers represent 8% shrinkage relative to the previous ten years (1999-2008), which were basically the glory days for this market," said Richard Aboulafia, Teal Group's Vice President - Analysis. "Production...


Word of the Day
caparison
  • A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
  • Clothing, especially sumptuous clothing; equipment; outfit.
  • To cover with a caparison, as a horse.
  • To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.
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