Frontier Airlines has agreed to a $108.75 million buyout by Republic Airways Holdings, allowing the Denver-based carrier to emerge from bankruptcy with much of its business intact. The deal is subject to approval by the U.S. Bankruptcy Court in New York, with hearings scheduled for next month. "This agreement represents a major milestone in our ongoing efforts to position Frontier to emerge from bankruptcy as a competitive, sustainable airline," said Frontier CEO Sean Menke, noting that most employees could expect to keep their jobs under the plan.

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