Republic Airways Holding Inc. (NASDAQ: RJET) is going shopping. Only a day after making an offer for ailing Frontier Airlines (OTC: FRNTQ), it has made a bid to nab Midwest Airlines from private equity firm TPG Capital. The offer consists of $6 million in cash and a note for another $25 million. If the private equity house takes the deal, Republic will get 100% of Midwest's equity and TPG's secured note of $31 million.

The $25 million in debt is convertible to RJET stock at $10 a share, which gives TPG a bit more upside from the transaction. The seller would also have the right to nominate a member of the buyer's board of directors.

Of course, Republic's CEO, Bryan Bedford, is upbeat about the prospect of buying Midwest Airways, saying it will "enhance the strategic positioning" of his company. Like the proposed acquisition of Frontier, Midwest would continue to operate under its own name, though the target's Boeing 717s would be replaced with Embraer 190s.

Republic shopping for another airline originally appeared on BloggingStocks on Thu, 25 Jun 2009 15:30:00 EST. Please see our terms for use of feeds.

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Closing Bell: Thankfully, the closing bell rang originally appeared on BloggingStocks on Fri, 11 Apr 2008 16:56:00 EST. Please see our terms for use of feeds.

Another US airline has gone into Chapter 11. This time it was Frontier (NASDAQ:FRNT). According to MarketWatch, "The airline said the decision was taken after its principal credit card processor unexpectedly said it would start withholding 'significant proceeds' received from the sale of Frontier tickets." That may have been the most immediate reason but rising fuel prices and falling passenger receipts are eating at all carrier profits and Frontier joins ATA and Aloha Air in bankruptcy.

Frontier will attempt to continue its scheduled flights.

The news comes along with word that the Delta (NYSE:DAL) pilots union has agreed to terms which will allow the airline to merge with Northwest (NYSE:NWA). Whether that merger is too late to save both companies can only be a matter of speculation.

The airline in the most trouble now is AMR (NYSE:AMR), parent of American. The company has the largest debt-load among major carriers at over $11 billion. Cash flow at the firm has been dropping and management has said that flight cancellations due to FAA inspections will cost tens of millions of dollars.

With a dicey balance sheet and growing revenue problems AMR is the most likely candidate to be the next bankruptcy victim in the industry.

Douglas A. McIntyre is an editor at 247wallst.com.

Frontier (FRNT) files for Chapter 11 as threat to US airlines grows originally appeared on BloggingStocks on Fri, 11 Apr 2008 10:30:00 EST. Please see our terms for use of feeds.

General Electric (NYSE:GE) is off 10% on poor earnings and a weak forecast.

CV Therapeutics (NASDAQ:CVTX) is up 18% on approval of one of its products by the FDA.

Delta Airlines (NYSE:DAL) is up 5% on anticipation of a merger with Northwest (NYSE:NWA).

Frontier Air (NASDAQ:FRNT) is off 61% on news of filing Chapter 11.

Stocks may trade differently in the pre-market than they do in the regular session.

Douglas A. McIntyre is an editor at 247wallst.com.

Early market movers (GE) (DAL) (NWA) originally appeared on BloggingStocks on Fri, 11 Apr 2008 08:05:00 EST. Please see our terms for use of feeds.