Frontier Airlines Receives Commitment for Debtor in Possession Financing
Republic Airways Holdings commits to
“Since filing for Chapter 11 protection, we have lowered our unit costs, right-sized the operation to adjust for a challenging economic climate, improved our unit revenue performance and customer product satisfaction with the introduction of AirFairs and maintained sufficient liquidity to execute upon our business plan,” said
Upon court approval, Republic will provide immediate funding of
“The employees and management team at Frontier deserve a lot of respect for their comprehensive efforts to restructure their airline amid very difficult economic circumstances,” said Republic President and Chief Executive Officer
Frontier and its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code on
About Republic Airways Holdings, Inc.
Republic Airways Holdings, based in
About Frontier Airlines Holdings, Inc.
Frontier Airlines Holdings, Inc. is the parent company of
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Statements contained in this press release that are not historical facts may be forward-looking statements as that item is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could result in actual results differing materially from expected results and represent the Company’s expectations and beliefs concerning future events based on information available to the Company as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this press release. Additional information regarding risk factors that may affect future performance at the Company are contained in the Company’s SEC filings, including without limitation, the Company’s Form 10-K for its fiscal year ended
Web site: FrontierAirlines.com
SOURCE Frontier Airlines Holdings, Inc.