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NEW YORK – Frontier Airlines said Wednesday it will keep all 70 planes in its fleet and is making payments to stay current on leases and financing agreements.
NEW YORK – Frontier Airlines said Wednesday it will keep all 70 planes in its fleet and is making payments to stay current on leases and financing agreements.
Denver-based Frontier Airlines Holding Inc., which owns the carrier, filed for Chapter 11 bankruptcy protection in April. The carrier was allowed to suspend payments on its aircraft for 60 days after the filing but then had to decide whether to maintain the leases and contracts.
Frontier spokesman Steve Snyder says the airline had to make the payments or the lender could have taken the planes. He declined to say how much the carrier paid to get up to date.