Republic Airways to Buy Midwest From TPG Capital

Republic Airways Holdings Inc., a provider of regional flights for larger carriers, agreed to buy Midwest Airlines from TPG Capital in its second acquisition in as many days.

Republic surged $1.90, or 46 percent, to $6 at 4 p.m. in Nasdaq Stock Market composite trading, the biggest gain since the Indianapolis-based company went public in May 2004. The stock has lost 44 percent this year.