Frontier's $106M Plane Sale Gets Green Light

Law360, New York (May 7, 2008, 12:00 AM EDT) -- Frontier Airlines Holdings Inc. has won bankruptcy court permission to sell two of its Airbus A319-111 aircraft and two Airbus A318-111 aircraft to Russia's Verulamium Finance Ltd. for $106 million.

In court documents filed Friday in the U.S. Bankruptcy Court for the Southern District of New York, Judge Robert D. Drain approved Denver-based Frontier's bid seeking authorization to enter into a letter of intent and to sell the airplanes.

The sale is in Frontier's best interests and represents “a prudent exercise of the debtors’ business judgment,”...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.