Republic Airways scouting for investors

Republic Airways Holdings is gearing up to make the pitch that its loss making Frontier Airlines unit is a good investment. Chairman and Chief Executive Bryan Bedford said the regional carrier is close to hiring financial advisers to help sell Frontier, which Republic purchased in bankruptcy court in October 2009 and decided to sell two years later. The Indianapolis-based carrier appointed new management to steer Frontier through the sale and recently achieved $120 million in annual cost savings to make the Denver-based unit more attractive to potential buyers. Frontier is talking to three financial advisers and could have a decision