Frontier Airlines lines up bankruptcy exit financing

After months of discussions with a number of potential investors, Frontier Airlines has now confirmed exit financing, marking a key milestone in the carrier's efforts to emerge from bankruptcy protection. Frontier has entered into an investment agreement with Republic Airways Holdings, under which Republic will serve as equity sponsor for Frontier's reorganisation and purchase 100% of the equity in the reorganised company for USD108.75 million, subject to bankruptcy court approval and various conditions.