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Southwest's Bid for Frontier Airlines: Update and Timeline

pberg
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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. 

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