Getting your player ready...
MINNEAPOLIS—Frontier Airlines appears to have found a way out of bankruptcy protection: Republic Airways Holdings says it will sponsor the bankruptcy exit plan of the Denver-based carrier.
Indianapolis-based Republic says that if creditors and the bankruptcy judge approve, then Frontier would become one of its subsidiaries. Republic also operates a regional airline under its own name as well as Chautauqua Airlines and Shuttle America.
Republic supplied a $40 million debtor-in-possession loan to Frontier so it’s not a surprise that it could end up owning the company.
Frontier filed for bankruptcy protection in April 2008.
