The suspense thriller known as The Perils of People Express took a sudden new turn last week -- but the denouement was not yet in sight. Almost three weeks after the revolutionary no-frills airline announced that it was looking to sell part or all of its operations to fend off bankruptcy, People found the buyer it needed. People's five-member board declared that United Airlines, the largest U.S. commercial carrier, would pay $146 million for Frontier Airlines, the Denver company that People picked up only last November. The same day, People's board rejected as "inadequate" an offer from Houston's Texas Air to...
Cliff-Hanger: People Express sells off Frontier
People sells off Frontier
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