F9 is only getting $100m from a venture capital company in the DEN area. That sounds like a lot of cash but not when you're running an airline. Besides the Teamsters are trying to shoot down the recipt of the money.
DENVER - The Teamsters Union is trying to block Frontier Airlines' new financing deal.
Last week, a private equity firm agreed to lend Frontier $75 million, but the Teamsters say the deal is contingent on more wage and benefit concessions by pilots and mechanics.
The Teamsters say that's not only unfair, it's in violation of existing labor contracts.
The Teamsters have asked a bankruptcy judge to throw out the deal.
Frontier Airlines has not made a comment.
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