Frontier Airlines Holdings
Encyclopedia
Frontier Airlines Holdings, Inc. was a United States
based airline
holding company
. The company has headquarters in Denver, Colorado
.
on April 3, 2006. Frontier created Frontier Airlines Holdings, Inc., a holding company incorporated in Delaware
to take advantage of favorable tax law of "Delaware General Corporation Law" in that state. The new corporate headquarters was located in Colorado.
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. 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.
On August 4, 2008, Frontier Airlines Holdings, Inc. announced it was 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 offered 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.
The Bankruptcy Court confirmed Frontier's reorganization plan on September 10, 2009, and Frontier emerged from Chapter 11 on October 1, 2009 as a wholly owned subsidiary of Republic Airways Holdings.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
based airline
Airline
An airline provides air transport services for traveling passengers and freight. Airlines lease or own their aircraft with which to supply these services and may form partnerships or alliances with other airlines for mutual benefit...
holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
. The company has headquarters in Denver, Colorado
Denver, Colorado
The City and County of Denver is the capital and the most populous city of the U.S. state of Colorado. Denver is a consolidated city-county, located in the South Platte River Valley on the western edge of the High Plains just east of the Front Range of the Rocky Mountains...
.
Airline divisions and operations
- Frontier AirlinesFrontier AirlinesFrontier Airlines, Inc., is an American airline headquartered in Indianapolis, Indiana, United States. The carrier, which is a subsidiary and operating brand of Republic Airways Holdings, operates flights to 83 destinations throughout the United States, Mexico, and Costa Rica and maintains hubs at...
- Lynx AviationLynx Aviation (United States)Lynx Aviation, Inc. was a regional airline based in Denver, Colorado, USA. The airline was a subsidiary of Republic Airways Holdings and operated feeder service for Frontier Airlines. The Lynx name plays off of the tail pictures of its planes, specifically Larry the Lynx, and the fact that it...
Airline related divisions and operations
- Frontier Express
| Frontier Airlines Holdings |
IATA: |
ICAO: |
Call Sign: |
Airline or contracted regional airline operating flights for or flying in brand Brand The American Marketing Association defines a brand as a "Name, term, design, symbol, or any other feature that identifies one seller's good or service as distinct from those of other sellers."... colors of: |
Codeshares with, flight numbers ranging: | Number and type of aircraft | Number of Seats: |
|---|---|---|---|---|---|---|---|
| F9 | FFT | FRONTIER FLIGHT | Frontier Airlines Frontier Airlines Frontier Airlines, Inc., is an American airline headquartered in Indianapolis, Indiana, United States. The carrier, which is a subsidiary and operating brand of Republic Airways Holdings, operates flights to 83 destinations throughout the United States, Mexico, and Costa Rica and maintains hubs at... |
Great Lakes (ZK) 5001 - 5999 Lynx Aviation (L4) 3001 - 3999 |
39 Airbus A319-100 04 Airbus A320-200 Airbus A320 The Airbus A320 family is a family of short- to medium-range, narrow-body, commercial passenger jet airliners manufactured by Airbus Industrie.Airbus was originally a consortium of European aerospace companies, and is now fully owned by EADS. Airbus's name has been Airbus SAS since 2001... |
120 132 - 136 162 |
|
| Lynx Aviation Lynx Aviation (United States) Lynx Aviation, Inc. was a regional airline based in Denver, Colorado, USA. The airline was a subsidiary of Republic Airways Holdings and operated feeder service for Frontier Airlines. The Lynx name plays off of the tail pictures of its planes, specifically Larry the Lynx, and the fact that it... |
L4 | SSX | SHASTA | Frontier Airlines Operated by Lynx Aviation | 11 Bombardier Q400 (+10 options) |
70-74 (70 in aircraft with ski bins) | |
History
The company was formed from a reorganization of Frontier AirlinesFrontier Airlines
Frontier Airlines, Inc., is an American airline headquartered in Indianapolis, Indiana, United States. The carrier, which is a subsidiary and operating brand of Republic Airways Holdings, operates flights to 83 destinations throughout the United States, Mexico, and Costa Rica and maintains hubs at...
on April 3, 2006. Frontier created Frontier Airlines Holdings, Inc., a holding company incorporated in Delaware
Delaware
Delaware is a U.S. state located on the Atlantic Coast in the Mid-Atlantic region of the United States. It is bordered to the south and west by Maryland, and to the north by Pennsylvania...
to take advantage of favorable tax law of "Delaware General Corporation Law" in that state. The new corporate headquarters was located in Colorado.
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. 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
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
due to its credit card processor withholding payment from ticket sales.
On August 4, 2008, Frontier Airlines Holdings, Inc. announced it was moving forward with an alternate transaction for post-petition debtor-in-possession (DIP) financing
Debtor-in-possession financing
Debtor-in-possession financing or DIP financing is a special form of financing provided for companies in financial distress or under Chapter 11 bankruptcy process. Usually, this security is more senior than debt, equity, and any other securities issued by a company...
. Republic Airways Holdings
Republic Airways Holdings
Republic Airways Holdings, Inc. is an aviation holding corporation based in Indianapolis, Indiana, which owns six airlines operating in the United States: Chautauqua Airlines, Frontier Airlines, Republic Airlines, Shuttle America, and the former Lynx Aviation....
, Inc., Credit Suisse Securities (through its affiliates), and AQR Capital offered 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.
The Bankruptcy Court confirmed Frontier's reorganization plan on September 10, 2009, and Frontier emerged from Chapter 11 on October 1, 2009 as a wholly owned subsidiary of Republic Airways Holdings.