I think that link is a typo. From other articles I've read RAH is not buying Frontier but buying 100% of the equity in frontier. By adding XX amount on top of the amount frontier owes for DIP financing and the $150mil RAH leveraged against them this apparently will make RAH the owner of the aircraft, facilities, gates etc. Since there are multiple versions of this story out right now I don't know which one is accurate. If this is an equity grab it will be exactly what I and several others predicted when everyone called BB, and some of us, crazy for thinking giving Frontier DIP financing in the past was a smart move.

Just like with US Airways the gates alone are worth their weight in gold. I wouldn't be surprised if after the restructuring of F9 you see some assets being sold to those in the area that would be very excited to get them (Southwest and United). Just my crazy thoughts about an even crazier world.