Frontier Airlines ilandila kudzipereka kwina kwa omwe ali ndi ngongole yokhala ndindalama

DENVER, CO (August 4, 2008) - Frontier Airlines Holdings, Inc. lero yalengeza kuti ikupita patsogolo ndi njira ina yopezera ndalama za post-petition creditor-in-possession (DIP). Republic Airways Holdings, Inc., Credit Suisse Securities (kudzera mwa othandizana nawo), ndi AQR Capital ("Obwereketsa"), aliyense membala wa Unsecured Creditors Committee pamilandu ya Frontier's Chapter 11 Bankruptcy, akupereka Frontier mpaka $ 75 miliyoni mu DIP. ndalama, ndi kudzipereka kwachangu ndi ndalama zokwana $30 miliyoni. Malo atsopanowa a DIP amapatsa Frontier ndalama zotsika mtengo, mapangano osaletsa komanso kutha kutsata mwayi wopeza mwayi popanda kukakamizidwa ndi ma DIP oletsa. Malo ena a DIP akuyenera kuvomerezedwa ndi khothi la bankirapuse komanso pamikhalidwe yosiyanasiyana.

Obwereketsa adapatsa kampaniyo malo opambana a DIP kutsatira zomwe Frontier adachita bwino pakuwongolera bwino ndalama zake. M'masabata awiri apitawa, Frontier adalengeza za ndalama za Perseus $ 75 miliyoni za DIP, mpaka $ 80 miliyoni pazowonjezera zogulira ndege ku VTB Leasing kuti abwereke ku Rossiya Airlines ndi zina zogulitsa ndege zobwereketsa.

"Mgwirizano wa mamembala a Komiti Yathu Yopereka Ngongole Yopanda Chitetezo kuti awonjezere kudzipereka kwathu kwachuma ndi chisankho chachikulu cha chidaliro ku kampani yathu ndi dongosolo lake la bizinesi," atero Sean Menke, Purezidenti wa Frontier ndi wamkulu wamkulu. "Titawunika mosamala zomwe Perseus adapereka sabata yatha, tikukhulupirira kuti mgwirizano watsopanowu umapereka mwayi wopeza ndalama zambiri m'njira zabwino."

Khothi likavomereza, Obwereketsa apereka ndalama zokwana $30 miliyoni kuti zithandizire zosowa za Frontier. Obwereketsa aganizira zopezera ndalama zowonjezera $45 miliyoni malinga ndi zomwe zili mu mgwirizano wa DIP Credit Agreement.

Ndalama zomwe akufunsidwa za DIP, kuphatikiza zilengezo zaposachedwa za Frontier zakugulitsa ndege ndi kubwereketsa ndege, zikuyembekezeka kukulitsa kwambiri ndalama za Frontier ndikupereka ndalama zokwanira zogwirira ntchito za kampaniyo, komanso mphamvu zotsalira pamsika. Njira zomwe zalengezedwazi zimalola kampani kuti ipitilize kupititsa patsogolo bizinesi yake, kuyang'ana kwambiri pakutumiza zombo, kupulumutsa mtengo komanso kukulitsa ndalama. Frontier apitiliza kuwunika mwayi waukadaulo potengera malo atsopanowa a DIP komanso kusintha kwakukulu komwe kukuyembekezeka pamasamba a Frontier.

Frontier ndi mabungwe ake adapereka madandaulo mwakufuna kwawo kuti akonzedwenso pansi pa Chaputala 11 cha US Bankruptcy Code pa Epulo 10, 2008. Woyang'anira wamkulu wa Frontier ndi Davis Polk & Wardwell.