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Milwaukee's Midwest Airlines is sold to Republic Airways

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Milwaukee's hometown airline is about to get its second new owner in 18 months.

Republic Airways of Indianapolis said Tuesday it would buy Midwest from the Texas investment firm of TPG Capital.

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The deal is expected to be finalized in 4-6 weeks. And then Tim Hoeksema, who converted Midwest from a private carrier for Kimberly-Clark employees into the most popular airline in Milwaukee, will retire as the CEO.

Republic's CEO Bryan Bedford will take over that role.

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