Republic Airways Holdings Inc. (RJET) said Thursday it completed its acquisition of Frontier Airlines Holdings Inc. (FRNTQ), which has emerged from bankruptcy protection along with its subsidiaries Frontier Airlines and Lynx Aviation.

In August, Republic beat out Southwest Airlines Co. (LUV) for the Denver-based carrier, agreeing to buy it for $108.8 million and waiving any right to waive the recovery on a $150 million general unsecured claim.

Shares of Republic slipped about 3.4% at last check to $9.01.

-By Christopher Hinton; 415-439-6400; AskNewswires@dowjones.com