Frontier Airlines Files for Chapter 11

mpenguin1

mpenguin1

Well-Known Member
Frontier Airlines Files for Chapter 11 Reorganization; Normal Operations Continuing and Unaffected
Friday April 11, 2:01 am ET

- Frontier Airlines and Subsidiaries Will Continue to Operate Complete Flight
Schedule, Honor All Tickets and Reservations, Maintain EarlyReturns Frequent Flyer Program, and Provide Pay and Benefits to Employees -



http://biz.yahoo.com/prnews/080411/laf017.html?.v=101
 
Cinch down the straps!!! It's fixin' to get real rough real fast.


fingers crossed for F9...
 
At least it's not a liquidation, Yet.

It will be interesting to hear the source of the DIP financing.

:(
 
Guys...they will continue to operate their flights under Chapter 11, this is not the same as the last 4 airlines that ceased all operations.

How quickly forget even Southernjets was in Chapter 11 protection just 2-3 years ago...
 
According to an article they owe Wells Fargo, a credit card processor, $93 mil, and Wells Fargo started to withhold money from their ticket sales to recoup the amount owed. So they filed for BK to stop Wells Fargo from collecting I guess.

I think the legacies will be OK, it's all these smaller carriers that will go out. That being said, Frontier certainly isn't THAT small...
 
These days its a small step from Chapter 11 to Chapter 7. And when Delta/United were in BK, there wasn't $112 a bbl oil to scare off potential investors.
 
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