Frontier receives new loan up to $75 million from creditors

08/5/2008 | Denver Post, The · CNNMoney · Rocky Mountain News (Denver)

Frontier Airlines accepted a finance deal giving the Denver-based company $30 million cash up front, with an option to borrow up to $75 million. Republic Airways Holdings Inc., Credit Suisse Securities and AQR Capital put together the loan to help the struggling low-cost airline, which filed for bankruptcy in April. Frontier rejected a similar offer from Perseus that required the airline to negotiate labor concessions.

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Denver Post, The · CNNMoney · Rocky Mountain News (Denver)

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