Frontier Airlines Wants To Sell Planes For $106M

Law360, New York (April 22, 2008, 12:00 AM EDT) -- Frontier Airlines Holdings Inc. is asking for bankruptcy court permission to sell off four airplanes for $106 million, noting in court papers that the company's budget for the coming months relies on the infusion of cash the sale would generate.

On Friday, Denver-based Frontier filed a motion seeking authorization to enter into a letter of intent and to sell two Airbus A319-111 aircraft and two Airbus A318-111 aircraft to Verulamium Finance Ltd.

Verulamium would pay $106 million for the four planes, $68.5 million of which would...
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