Frontier gets another 40Mil from RAH
 

http://uk.reuters.com/article/governmentFilingsNews/idUKN0536101220090306
*Republic to provide $40 mln DIP financing to Frontier

*Republic to get damage claim of $150 mln

*Agreement needs court approval

NEW YORK, March 5 (Reuters) - Frontier Airlines Holdings Inc (FRNTQ.PK) said on Thursday it received a commitment for $40 million debtor-in-possession financing from Republic Airways Holdings Inc (RJET.O).

The airline, which filed for Chapter 11 bankruptcy protection on April 10, 2008, said the new financing, which matures in April, preserves its stability as it seeks a plan to emerge from bankruptcy later this year.

It said that the financing comes with a condition that Frontier allow Republic a stipulated damage claim in the amount of $150 million. The agreement also needs to be approved by bankruptcy court.

Frontier already received $30 million in DIP funding from Republic and Credit Suisse Securities and AQR Capital in August 2008. Republic said in the statement that Frontier is on the right path to emerge from bankruptcy this summer. (Reporting by Sinead Carew; Editing by Gary Hill)

Hit the submit button one too many times?

So, RAH has $ with US Airways, Midwest, Frontier, and Mokulele right now, right?

Are there any I'm missing? United?:confused:

next youll see them bailling out AIG and BOA

So here we are again... RAH bailing out an airline... How come the Frontier pilots are not angry with this? They must know that their management will get with BB and try to whipsaw them in a near future... Oh, wait it is ok because for right now their job is safe...

I will listen to no complaints in the future.

It just happened yesterday, give it time.:rolleyes:

This is interesting. I'm sick of RAH though - already. BB needs to worry about his own company before he worries about others. How about giving his pilots a new contract?

RAH= THE CANCER that is killing this Industry

RAH is loaning money to a company to help it emerge from bankruptcy. In essence, helping to secure just over 700 pilot jobs. Please explain to me how this is the behavior of a cancer?

Loaning money to keep business partners alive is just a good business practice. On top of that, it saves jobs.

Oh............its out of the HOLY nature of BB? He is not going to save the jobs of Frontier guys, hes going to undercut them with RAH pilots.............

When are you guys going to realize there isn't going to be any jobs left worth going to because everyone seems to be happy flying 70+ seat airplanes for garbage pay.................