31-Jul-2009 5:05 PM
Southwest eyes Frontier. The numbers add up
Analysis
Southwest Airlines yesterday confirmed it is preparing a non-binding bid to acquire Frontier Airlines, which will be sold at auction in bankruptcy court next month. The bid is worth a minimum of USD113.6 million, higher than Republic Airways' court-approved USD108.75 million bid. Southwest Chairman, President, and CEO, Gary Kelly, stated, "we are excited about the opportunity to submit a bid".
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