Frontier Airlines Holdings

Infobox_Company
company_name = Frontier Airlines Holdings, Inc.
company_
company_type = Airline Holding Company (Pink Sheets|FRNTQ)
company_slogan =
foundation = April 03, 2006
location = USA
key_people =
num_employees =
industry = Transportation
products = Airline Services
revenue =
net_income =
homepage =

Frontier Airlines Holdings, Inc. (Pink Sheets|FRNTQ) is a United States based airline holding company. The company has headquarters in Denver, Colorado.

Airline Holdings

Airline divisions and operations

*Frontier Airlines
*Lynx Aviation

Airline related divisions and operations

* Frontier Express

History

The company was formed from a reorganization of Frontier Airlines on April 3, 2006. Frontier created Frontier Airlines Holdings, Inc., a holding company incorporated in Delaware to take advantage of favorable tax laws in that state. The new corporate headquarters was located in Colorado. [cite news|title=Frontier Airlines Fact Sheet|work=Frontier Airlines| accessdate=2006-11-01|url= http://www.frontierairlines.com/frontier/who-we-are/company-info/fact-sheet.do;jsessionid=4d84da87d4b75a829dad1ef9f5]

On September 6, 2006, Frontier Holdings announced that a new division known as Lynx Aviation, would operate 10 Bombardier Q400 aircraft beginning in May 2007 as Frontier Express.cite news|last=Yamanouchi|first=Kelly|title=Frontier thinking small to go bigger|work=Denver Post| date=2006-09-06| accessdate=2006-09-07| url=http://www.denverpost.com/business/ci_4297315] Service with the Q400's has been rescheduled to begin on October 1, 2007. The 'Lynx' name plays off of the tail pictures of its planes, specifically Larry the Lynx, and the fact that it "links" smaller airports to the main Denver hub. One reason for the change is to help reduce costs; the company hopes the change will allow Frontier Airlines to cut costs on routes 650 miles or shorter by 30%, allowing entry into new markets. by paying employees less.

On April 11, 2008, Frontier Airlines Holdings announced that it and all of its subsidiaries has filed for bankruptcy due to its credit card processor withholding payment from ticket sales. [cite press release |title=Frontier Airlines Files for Chapter 11 Reorganization; Normal Operations Continuing and Unaffected |publisher= |date=2008-04-11 |url= http://www.frontierairlines.com/frontier/who-we-are/news-media/press-releases.do |format= |language= |accessdate=2008-04-11 |quote= ] Subsequently on August 4th, Frontier Airlines Holdings was able to announce it had lined up (DIP) debtor in possession financing from Republic Airways Holdings in combination with various other financial lending institutions.

On August 4, 2008 Frontier Airlines Holdings, Inc. announced it is moving forward with an alternate transaction for post-petition debtor-in-possession (DIP) financing. Republic Airways Holdings, Inc., Credit Suisse Securities (through its affiliates), and AQR Capital (the “Lenders”), each a member of the Unsecured Creditors Committee in Frontier’s Chapter 11 Bankruptcy cases, are offering Frontier up to $75 million in DIP financing, with an immediate firm commitment and funding of $30 million. This new DIP facility provides Frontier with lower financing costs, less restrictive covenants and greater flexibility to pursue strategic opportunities without being constrained by more restrictive DIP provisions. The alternate DIP facility is subject to bankruptcy court approval and to various conditions.

References

Navbox Airlines of the United States


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Frontier Airlines — IATA F9 OACI FFT …   Wikipedia Español

  • Frontier Airlines — Infobox Airline airline = Frontier Airlines image size = 225 IATA = F9 ICAO = FFT callsign = FRONTIER FLIGHT founded = 1994 commenced = ceased = hubs = Denver International Airport secondary hubs = focus cities = frequent flyer = EarlyReturns… …   Wikipedia

  • Frontier Airlines — …   Википедия

  • Frontier Airlines — Frontier Airlines …   Deutsch Wikipedia

  • Frontier Airlines — Codes AITA OACIL Indicatif d appel F9 …   Wikipédia en Français

  • Frontier Airlines Center — The Frontier Airlines Center (formerly Midwest Airlines Center and Midwest Express Center) is a convention and exhibition center located in downtown Milwaukee, Wisconsin. The center is part of a greater complex of buildings which includes the U.S …   Wikipedia

  • Continental Airlines — Not to be confused with Continental Airways, a low cost airline in Russia. Continental Airlines IATA CO …   Wikipedia

  • Republic Airways Holdings — Логотип холдинга Republic Airways Holdings Republic Airways Holdings, Inc. (NASDAQ: RJET)  авиационный …   Википедия

  • Southwest Airlines — This article is about the United States based airline. For the Japanese airline formerly named Southwest Air Lines, see Japan Transocean Air. For the British airline, see Air Southwest. For the defunct Chinese airline, see China Southwest… …   Wikipedia

  • Global Aviation Holdings — Global Aviation Holdings. Type Private Industry Transportation Founded February 19, 2009 Headquarters Peachtree City, Georgia, USA Products Airline Services …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.