Last week, Southwest Airlines confirmed that it was preparing a bid to acquire Denver-based Frontier Airlines, which will be sold at auction in bankruptcy court next month. Yesterday, August 3, was the deadline for any interested party to file a nonbinding proposal to bid on Frontier Airlines in bankruptcy court. As of yesterday, Southwest Airlines and Republic Airways are both qualified bidders. Below is an updated timeline of the process:
August 3: Deadline to file nonbinding bid. For the next seven days, Southwest Airlines will continue our due diligence in order to submit a binding proposal to the bankruptcy court.
August 10: Deadline to file binding proposal with the bankruptcy court in New York.
August 11 - 17: Bankruptcy court will conduct an auction to determine the winning bidder for Frontier's assets.
***We will do our best to update our site as more news becomes available.