Originally Posted by
Ratherbeoffwork
I'd like to see industry leading rates. I never said I wouldn't. All I said is that people should take some responsibility and stop blaming others (especially other pilot groups). As for the norm at Republic, where do you get your information? From here? How many of the 2000 pilots there do you talk to with a roll over and take it attitude? Or are you just assuming as usual?
May not be a done deal yet...from deltanet:
"Republic Airways Holdings of Indianapolis has announced plans to buy Denver-based Frontier Airlines and Milwaukee-based Midwest Airlines, news media reported.
In an announcement Tuesday, Republic said it will purchase Delta codeshare partner Midwest from TPG Capital, a Texas investment firm. The sale would end 25 years of local control for the largest airline to fly out of Milwaukee’s Mitchell International Airport.
Under terms of the acquisition, Republic will pay $31 million – $6 million in cash and a $25 million, five-year note convertible to Republic stock. Midwest will become a wholly owned subsidiary and will continue to operate as a branded carrier.
Republic also will buy Frontier in a proposal that would help that carrier emerge from Chapter 11 bankruptcy.
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.
Republic Airways Holdings operates Delta Connection carriers Chautauqua Airlines and Shuttle America as well as Republic Airlines. Those airlines offer scheduled passenger service on about 1,200 flights daily to 101 cities in 37 states, Canada and Mexico through airline services agreements with seven U.S. airlines, including Midwest."
For Frontier pilots sake, hope there's another bidder!