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Old 11-04-2008, 08:09   #1
Someone
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Join Date: Jan 2006
Location: Hvalstad
Posts: 67,492
USA Frontier inn i Chapter 11

http://www.frontierairlines.com/fron...ss-releases.do

Quote:
DENVER, April 11 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. (NASDAQ: FRNT) today announced that, following an unexpected attempt by its principal credit card processor to substantially increase a "holdback" of customer receipts, which threatened to severely impact Frontier's liquidity, Frontier and its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

Frontier intends to continue normal business operations today and throughout its reorganization process. Specifically, it expects to continue to:

-- Operate its full schedule of flights;
-- Honor tickets and reservations and provide refunds and exchanges as
usual;
-- Maintain its EarlyReturns frequent flyer program and other award-
winning customer service programs;
-- Provide employee wages, healthcare coverage, vacation, sick leave and
similar benefits without interruption; and,
-- Pay suppliers for goods and services received during the reorganization
process.
Alle flygninger går som normalt og dette er gjort for å gjøre en nødvendig restrukturering av selskapet.
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