Frontier asks bankruptcy court for more time to submit reorganization plan

Frontier Airlines, now under Chapter 11 protection, on Friday asked a bankruptcy court for more time to submit a reorganization plan, a spokesman confirmed.

Frontier Airlines, now under Chapter 11 protection, on Friday asked a bankruptcy court for more time to submit a reorganization plan, a spokesman confirmed.

The Denver-based carrier filed a request in U.S. Bankruptcy Court in New York 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.

As matters now stand, Frontier must submit a reorganization plan by June 4 or the airline’s creditors would draft their own reorganization plan.

Frontier filed Chapter 11 in April 2008; CEO Sean Menke said last week that he is talking to a number of exit financiers to bring the company out from under Chapter 11 protection.

Compania aeriană a raportat recent al doilea profit net trimestrial consecutiv și a înregistrat cinci luni consecutive de profit operațional.

CE ESTE DE LUAT DIN ACEST ARTICOL:

  • Frontier Airlines, now under Chapter 11 protection, on Friday asked a bankruptcy court for more time to submit a reorganization plan, a spokesman confirmed.
  • Bankruptcy Court in New York asking that a June 4 deadline for proposing a reorganization plan be extended to Oct.
  • As matters now stand, Frontier must submit a reorganization plan by June 4 or the airline's creditors would draft their own reorganization plan.

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Linda Hohnholz

Redactor-șef pentru eTurboNews cu sediul în sediul central al eTN.

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