Frontier Airlines
Frontier Airlines wins more time to submit reorganization plan
A bankruptcy-court judge has granted the request of Frontier Airlines, now under Chapter 11 protection, for more time to submit a reorganization plan.
The Denver-based carrier had filed a request in U.S. Bankruptcy Court in New York in early May asking that a June 4 deadline for proposing a reorganization plan be extended to Oct. 9.
“This is a routine procedure that shows we are still positively moving forward in our restructuring efforts,” Frontier spokesman Steve Snyder said at the time.
That request has now been granted, the Associated Press reported Wednesday.
Frontier filed Chapter 11 in April 2008; CEO Sean Menke said in early May that he was talking to a number of exit financiers to bring the company out from under Chapter 11 protection.
The airline recently reported its second consecutive quarterly net profit, and has posted five straight months of operating profit.
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