Republic Unloads Struggling Frontier to Provide Better Focus
After years of attempting to turn around Frontier Airlines, Republic Airways (NASDAQ: RJET ) (NASDAQ: RJET ) (NASDAQ: RJET ) made a move that should have surprised no one in the industry. The operator of fixed-fee flights for partner airlines agreed to sell Frontier to a group run by William Franke, the former chairman of Spirit Airlines (NASDAQ: SAVE ) (NASDAQ: SAVE ) (NASDAQ: SAVE ) . Exiting the troubled subsidiary allows Republic to focus on the profitable fixed-fee segment, but the airline failed to obtain anything significant for its four years of work attempting to make Frontier viable.
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