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Republic Airways (RJET +0.2%) is close to hiring financial advisers to help sell its...

Republic Airways (RJET +0.2%) is close to hiring financial advisers to help sell its money-losing Frontier Airlines unit, CEO Bryan Bedford says. But the chances another airline will acquire Frontier are "very, very low," he adds, so the two most likely routes are selling Frontier entirely or in part to a PE firm, or spinning it off to RJET shareholders.
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