(corrects fleet sale
two months after Frontier Airlines announced the departure of senior VP
marketing John Happ, the
carrier says CFO Paul Tate is stepping down March 21.
departures occur a few months after Sean Menke
returned to Frontier from Air Canada
to assume the role of CEO. Since his arrival, Menke and the executive team have been conducting a
strategic review of Frontier’s route network and its fleet. Recently Frontier
detailed plans to sell four of its 22 of its owned Airbus A318s/319s as its
fourth quarter losses widened year-over-year to $32.5 million.
joined Frontier in October 2001, after holding executive positions at Colgan Air, Atlantic Coast
Airlines, Reno Air and Midway Airlines.
has been the guardian of our finances for almost seven years now, and he has
guided us through what have arguably been some of our toughest financial
times," says Menke.