Southwest Bids $170M for Frontier Airlines
SWA bid well above $108M proposal by Republic Airways
Tuesday, Aug 11, 2009 | Updated 9:35 AM CDT
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Southwest's bid well above the $108M bid by Republic.
Southwest Airlines has bid $170 million to take Frontier Airlines out of bankruptcy protection.
Dallas-based Southwest's bid is well above the $108.8 million proposal offered by regional jet operator Republic Airways Holdings.
A bankruptcy court auction for Frontier is set for Thursday.
A Republic spokesman says the carrier will be present at the auction -- but airline officials are considering their next step.
Frontier's route network looks like a spider, with a body in Denver and about 50 legs to cities around the U.S. -- plus Mexico and Costa Rica.
Southwest already competes in Denver with Frontier as well as United Airlines, which has a hub in Denver.
Southwest says it would keep all of Frontier's current markets, including Atlanta -- one of the last big markets where the low-cost carrier doesn't currently fly.
A Frontier spokesman declined comment.
