Southwest Air Eyes Bid For Frontier

Southwest Airlines Co. (LUV) said Thursday that it was preparing a bid for Frontier Airlines, setting up an auction contest next month with regional rival Republic Airways.

Dallas-based Southwest has proved adept in leveraging assets from rivals that are in bankruptcy protection, though a successful deal for Frontier would add a layer of complexity by adding Airbus aircraft to its all-Boeing fleet.

Denver-based Frontier filed for bankruptcy protection in April 2008, after Southwest moved into the Colorado market, and last month received a $108.8 million offer from Republic, which is in the midst of a buying spree in the industry.

Southwest's proposal is for at least $113.6 million, and would see Frontier run as a separate entity before being folded into its acquirer.

Read Full Article from CNNMoney.com

- Posted: 2009-07-30 14:48:28

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