Republic Airways Holdings Inc.
Republic Airways Holdings Inc. says it has entered into a nonbinding preliminary agreement with a third party that could buy its Frontier Airlines subsidiary.
The union representing nearly 1,000 flight attendants ratified a labor agreement with Frontier Airlines aimed at cutting costs, partly through a suspension of a 401(k) match program through 2015.
Frontier Airlines has signed a letter of intent to buy new, more fuel-efficient planes. The airline’s parent company, Republic, has agreed to buy 40 Airbus A-319 NEOs and 40 A-320 NEOs.
Republic Airways Holdings Inc. says it will try to shrink its ownership of Frontier Airlines to a minority stake by the end of 2014 under an agreement with Frontier pilots.
Frontier Airlines says it will continue flying between Aspen and Denver this summer instead of suspending service in April.