Frontier Airlines Holdings, Inc. was a

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...

-based

airline An airline is a company that provides air transport services for traveling passengers and freight. Airlines use aircraft to supply these services and may form partnerships or alliances with other airlines for codeshare agreements, in wh ...

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

. The company has headquarters in

Denver, Colorado Denver () is a consolidated city and county, the capital, and most populous city of the U.S. state of Colorado. Its population was 715,522 at the 2020 census, a 19.22% increase since 2010. It is the 19th-most populous city in the Unit ...

Airline Holdings

Airline divisions and operations

Frontier Airlines Frontier Airlines is a major ultra-low-cost U.S. airline headquartered in Denver, Colorado. It operates flights to over 100 destinations throughout the United States and 31 international destinations, and employs more than 3,000 staff. The ca ...

* Lynx Aviation

Airline related divisions and operations

* Frontier Express

History

The company was formed from a reorganization of

on April 3, 2006. Frontier created Frontier Airlines Holdings, Inc., a holding company incorporated in

Delaware Delaware ( ) is a state in the Mid-Atlantic region of the United States, bordering Maryland to its south and west; Pennsylvania to its north; and New Jersey and the Atlantic Ocean to its east. The state takes its name from the adjacent ...

to take advantage of favorable tax law of "

Delaware General Corporation Law The Delaware General Corporation Law (Title 8, Chapter 1 of the Delaware Code) is the statute of the Delaware Code that governs corporate law in the U.S. state of Delaware. Adopted in 1899, the statute has since seen Delaware become the most im ...

" 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 The De Havilland Canada DHC-8, commonly known as the Dash 8, is a series of turboprop-powered regional airliners, introduced by de Havilland Canada (DHC) in 1984. DHC was later bought by Boeing in 1988, then by Bombardier in 1992; then by ...

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 is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debto ...

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.

References

External links

Frontier Airlines Holdings Restructuring
{{Airline holding companies of the United States Companies based in Denver Airline holding companies of the United States American companies established in 2006 American companies disestablished in 2009 Holding companies established in 2006 Holding companies disestablished in 2009