Is Republic now admitting buying Frontier was a mistake?

Republic Airways Holdings (Indianapolis) no longer wants to be the majority shareholder of Frontier Airlines (2nd) (Denver). Frontier was responsible for putting the holding company into the red in 2010. Republic now has a tentative deal with Frontier’s pilots to forgo future pay increases and benefits in return for a share of the company. Under this proposed deal according to this article, Republic will become a minority shareholder in Frontier by the end of 2014.

Is this an opportunity for JetBlue Airways?

Read the full story in Indystar.com: CLICK HERE

Copyright Photo: James Helbock. Please click on the photo for additional information.

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