Frontier Airlines Holdings Inc. said Friday it has filed for Chapter 11 bankruptcy protection.
It's a surprise - but good news for a Colorado air carrier.
Frontier Airlines has been successfully bid to Republic Airlines.
If Southwest won the bid, it was generally believed Frontier — and its animals —would disappear over the horizon.
With Republic — that wasn't the case.
A Frontier spokesman says the deal secures most of the airline's 5,000 jobs and keeps the company local.
Governor Bill Ritter says in this economy, this deal is a win.
No word yet on whether this will affect September's planned pullout of Frontier from Grand Junction Regional Airport.