This was on the DeltaNet:

Under terms of the deal announced Monday, Frontier will become a wholly owned subsidiary of Republic Airways Holdings after the company serves as the equity sponsor for Frontier’s reorganization plan and buys 100% of the equity in the reorganized company. The cost to Republic will be nearly $109 million. The deal would require a court-supervised auction, at which another buyer could outbid Republic.

How much cash does Delta have? Very Interesting!!!