http://www.9news.com/money/article.aspx?storyid=91915

DENVER (AP) - Frontier Airlines has asked a court to approve a severance plan for senior managers it says is key to its efforts to reorganize under bankruptcy protection.


The airline says the plan is substantially less than those for comparable positions elsewhere in the industry. It would cover Frontier employees who don't have severance guarantees.

Denver-based Frontier submitted the plan today for 65 employees at the director's level or higher.

Benefits would range from about $50,000 to a maximum $144,000.

The Teamsters Union claims Frontier was seeking a "golden parachute" benefit for senior management. But Frontier spokesman Steve Snyder says CEO Sean Menke has taken a 20 percent pay cut to a $260,000 base salary.