Sep 27, 2010 9:15 AM by Bea Karnes, News First 5
Southwest Airlines is buying AirTran for about $1.4 billion as it seeks entry into a number of smaller markets. The announcement comes about a week after Continental Airlines and UAL Corp. combined.
The companies said Monday that the new Southwest-Airtran operation would operate from more than 100 different airports and serve more than 100 million customers.
The deal is worth approximately $3.4 billion including AirTran's debt.
Southwest Airlines gets more exposure to existing markets like New York and Boston and it can get into smaller markets it doesn't already serve.
18 minutes ago