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Republic Airways takes over Midwest Airlines
Oak Creek, USA - For $6 million plus $25 million in shares
Republic Airways announced the purchase of Midwest Airlines from private equity group TPG Capital. The deal is worth $31 million: $6 million cash and $25 million in stocks at $10 per share, plus the right for TPG Capital to appoint a member in Republic's board of directors. Under the agreement Midwest Airlines will go on to operate as a unit of Republic, but it will keep its own name. Furthermore,...
AVIONEWS - World Aeronautical Press Agency - 1106278
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency