Low-fare giant Southwest Airlines Co. suffered a surprise setback last week when it lost a bankruptcy-court auction for Frontier Airlines Holdings Inc.
Low-fare giant Southwest Airlines Co. suffered a surprise setback last week when it lost a bankruptcy-court auction for Frontier Airlines Holdings Inc. to much-smaller rival Republic Airways Holdings Inc.
Gary Kelly, Southwest’s chairman and chief executive, said his airline may take another run at an acquisition. But the Dallas-based carrier isn’t ditching its conservative playbook, and any future bid would carry conditions even if they cost Southwest the deal, as was the case with Frontier.
“Even Tiger Woods doesn’t win every tournament,” Mr. Kelly, who has been Southwest’s CEO since 2004, said of the loss of Frontier in an interview.
Southwest bid for Frontier could be jeopardized by pilot negotiations eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.
FAA Rebuke Spurs Mexico to Add Back Air Safety Inspectors
Bloomberg 2 hrs ago Max de Haldevang and Alan Levin
(Bloomberg) Mexico’s civil aviation authority is getting a budget lift of about 40% and hiring 180 new inspectors, an effort it hopes will reverse a U.S. air-safety downgrade that the agency’s director acknowledged was partly prompted by spending cuts.
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The roughly 150 million-peso ($7.5 million) increase will also go to raise wages and improve flight crew training in English, according to Carlos Antonio Rodriguez Munguia, the head of Mexico’s Federal Civil Aviation Agency (AFAC). Both are areas the U.S. Federal Aviation Administration found to be inadequate, along with lack of inspectors, Rodriquez told Bloomberg News in an interview.