Stuff: August 2008 Archives
Sometimes it's like a broken record: it doesn't matter how old an airliner is, but it does matter how well maintained` the craft is. We said that again to a local television station the other day about the MD80 class - one of which had crashed in
A nod and a tip of the water bowl goes today to Pino, the long-serving K9 at the
Frontier just will not die - at least not yet. And the carrier, based in Denver and bankrupt since April, seems to be attracting a lot of support. For instance, it just won its reorganization judge's permission to accept $30 million in DIP financing from three creditors, a chunk of money that may well be followed by $45 million more from the three. Republic Airways joined Credit Suisse and AQR Capital of Greenwich, Ct. (for Applied Quantitive Research), in lining up the money after Frontier decided to walk away from a $75-million package arranged by venture capitalists Perseus LLC. That package depended on the carrier renegotiating wages and work rules with its unions. But the unions had already given paybacks and taken cuts, and the Teamsters objected.
Frontier was not deterred.