Airlines & Routes

Frontier Airlines receives commitment for $75 million in DIP financing

Frontier Airlines Holdings has received a $75 million commitment in post-petition debtor-in-possession (DIP) financing from Perseus LLC, a private investment firm based in Washington, D.C. with offices in Evergreen, Colorado, New York and Munich. Perseus has also agreed to serve as equity sponsor for Frontier’s plan of reorganization, allowing Perseus to purchase 79.9% of the

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ExpressJet Airlines suspends branded commercial operations

ExpressJet Airlines will suspend flying under several lines of its at-risk flying operations in September 2008. ExpressJet mutually agreed to terminate its agreements with Delta Air Lines effective September 1, 2008 and will cease its branded (XE) commercial passenger flight operations on September 2, 2008. The 39 aircraft currently used in these operations will be

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Frontier Airlines reports preliminary traffic for June 2008

Frontier Airlines announced preliminary traffic results for June 2008 for both Frontier’s mainline operation as well as its wholly owned subsidiary, Lynx Aviation. Traffic decreased 1.1% for June 2008 from the same period last year, while capacity decreased 1.3%. This resulted in a load factor for June 2008 of 87.2%, an increase of .2 points

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