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$40M Frontier Financing Deal Gets Green Light

Law360 (March 20, 2009, 12:00 AM EDT) -- A bankruptcy judge has signed off on a $40 million financing package for Frontier Airlines Holdings Inc. from Republic Airways Holdings Inc.

Judge Robert Drain of the U.S. Bankruptcy Court for the Southern District of New York approved the deal Friday, according to a Dow Jones report.

Marshall Huebner, co-head of Davis Polk & Wardwell's insolvency and restructuring group and counsel for Frontier, said at the hearing that the new financing from Republic was "fully consensual," winning the support of key parties in Frontier's bankruptcy, the...
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