Getting your player ready...
DENVER—Frontier Airlines CEO Sean Menke says the Denver-based carrier could emerge from bankruptcy as early as next month.
Republic Airways Holdings won a bankruptcy court auction Thursday for Frontier with a nearly $109 million bid that had been sweetened to offer creditors other than Republic about 18 cents on the dollar.
Menke said Friday that Southwest Airlines Co. withdrew its bid of more than $170 million after it became clear that pilot unions for both airlines wouldn’t be able to agree on how their ranks would be integrated. Creditors would’ve received about 12 cents on the dollar.
Menke says Frontier could emerge from Chapter 11 bankruptcy protection as early as Sept. 17.
