Dear Team Frontier:
I want to share some very exciting news about our Company. This afternoon we filed a registration statement, known as an “S-1,” with the U.S. Securities and Exchange Commission (SEC), which is the first of many steps in the process of becoming a publicly traded company. This is an important milestone for our business, and it is a testament to all of your hard work.
The public offering will provide proceeds to strengthen Frontier’s balance sheet which will support our continued growth and new job opportunities as we provide “Low Fares Done Right.”
Now that we’ve filed the S-1, the Company is in what is known as the “quiet period.” During the quiet period, the SEC strictly regulates what we can say about the offering, the process, and the Company’s current business and future prospects. In short, we cannot say much during the quiet period. This applies to any and all IPO related questions about the offering or the future of the Company, including questions about:
o The offering price;
o Timing of the offering;
o Possible future employee incentive plans; or
o Our business plans and prospects.
Because this news is likely to attract attention from the media and other interested parties, we ask that you refer any inquiries to our communications department at {deleted}
Finally, I want to remind you that it should be business as usual. The best way that you can help during this time is to remain focused on your day-to-day responsibilities and serving the needs of our customers.
On behalf of the entire management team, thank you for your continued dedication to Frontier as we embark on the next leg of our journey.