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Southwest Airlines (LUV +1.6%) beats an Aug. 3 deadline by submitting a proposal to acquire...

Jul. 30, 2009 1:24 PM ETSouthwest Airlines Co. (LUV)LUV, RJETQBy: Jason Aycock, SA News Editor

Southwest Airlines (LUV +1.6%) beats an Aug. 3 deadline by submitting a proposal to acquire bankrupt Frontier Airlines Holdings at auction, after a bankruptcy court approved a $108.8M purchase of Frontier by Republic Airways Holdings (RJET -5.6%).

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