Welcome to Flightinfo.com

  • Register now and join the discussion
  • Friendliest aviation Ccmmunity on the web
  • Modern site for PC's, Phones, Tablets - no 3rd party apps required
  • Ask questions, help others, promote aviation
  • Share the passion for aviation
  • Invite everyone to Flightinfo.com and let's have fun

F9 getting 40mill by RAH

Welcome to Flightinfo.com

  • Register now and join the discussion
  • Modern secure site, no 3rd party apps required
  • Invite your friends
  • Share the passion of aviation
  • Friendliest aviation community on the web

dh2981

Member
Joined
Jun 21, 2007
Posts
16
http://uk.reuters.com/article/governmentFilingsNews/idUKN0536101220090306

*Republic to provide $40 mln DIP financing to Frontier
*Republic to get damage claim of $150 mln
*Agreement needs court approval
NEW YORK, March 5 (Reuters) - Frontier Airlines Holdings Inc (FRNTQ.PK) said on Thursday it received a commitment for $40 million debtor-in-possession financing from Republic Airways Holdings Inc (RJET.O).
The airline, which filed for Chapter 11 bankruptcy protection on April 10, 2008, said the new financing, which matures in April, preserves its stability as it seeks a plan to emerge from bankruptcy later this year.
It said that the financing comes with a condition that Frontier allow Republic a stipulated damage claim in the amount of $150 million. The agreement also needs to be approved by bankruptcy court.
Frontier already received $30 million in DIP funding from Republic and Credit Suisse Securities and AQR Capital in August 2008. Republic said in the statement that Frontier is on the right path to emerge from bankruptcy this summer. (Reporting by Sinead Carew; Editing by Gary Hill)
 
They all come to Republic Airways Savings and Loan.
 
Why don't they just buy Frontier instead?
Now you did it, you just opened the next can of worms..Here is the up and coming rumor.

---"I was riding the jump on a Shuttle 170 to work today and the guys were saying that Republic holdings is going to buy frontier and staple them to the bottom of the list. The capt said he would be in the left seat of a 319 in less than a year! I need the deets, any one confirm this???"---

It will be something like that. Have fun with it.
 
Last edited:
RAH should go out of business this year!

They are just a Scab airline looking to take advantage of others. when they are vulnerable.

Your RAH spokesman , McNugget, has stated his career goal of being a Scab.

I'd rather be unemployeed than be a Republic Scab.
 

Latest resources

Back
Top