Republic Airways Holdings has completed its acquisition of Milwaukee-based Midwest Airlines from TPG Capital, a Ft. Worth, Texas-based private equity firm. As a wholly owned subsidiary of Republic Airways Holdings, Midwest will continue to operate as a branded carrier with its longstanding, award-winning commitment to outstanding customer service.
On June 23, 2009, Republic announced that it had reached agreement with TPG Capital to acquire 100% of the equity of Midwest Airlines. Republic paid TPG $6 million in cash and has issued a $25 million five-year note, which may be converted to RJET stock at $10 per share.
