Frontier Airlines' assets will be auctioned on 11-Aug-09. Republic Airways and Southwest Airlines will place their original bids of USD108.8 million and USD113.6 million, respectively, and raise these by increments of USD1 million (The Dallas Morning News, 07-Aug-09). The auction winner will then require approval from a bankruptcy judge. Southwest stated if it wins, it plans to operate Frontier separately initially, and later absorbing it into its own operations.
10-Aug-2009 2:28 PM