Frontier Airlines Holdings, Inc. Reports Delay of Lynx Aviation Certification
September 04 2007 - 6:00AM
PR Newswire (US)
Initial Company Timelines Pushed Back While Lynx Continues to Move
Forward with Certification Process DENVER, Sept. 4
/PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc.
(NASDAQ:FRNT) subsidiary, Lynx Aviation, today reported a delay in
its initially forecasted timeline for completion of certification.
The Federal Aviation Authority (FAA) requires a new airline to
achieve certification before it can begin flying commercially. Lynx
initially expected certification prior to its published launch date
of October 1, 2007. "While we are certainly frustrated with the
lack of timeliness in the certification process, we are very
pleased with the progress we have made building this company and
preparing for the future," said Tom Nunn, President of Lynx
Aviation. "The employees of Lynx have worked tirelessly to ensure
the success of this airline and we will continue to do all we can
to meet and exceed the FAA's milestones and requirements so that we
can begin flying as soon as possible." While Lynx did establish
that its Q400 aircraft will not be able to service Frontier's
scheduled flights for Wichita, Rapid City, Sioux City, Albuquerque
and Billings, Frontier customers will not be disrupted during this
delay. Frontier will service those routes via existing E170 and
CRJ-700 aircraft from its partners Republic Airways and Horizon
Air, as well as with supplemental mainline Airbus service as
needed. Frontier estimates that its total Lynx pre-operating
expenses in the December quarter will be approximately $8 million.
About Frontier Airlines Holdings, Inc. Frontier Airlines Holdings,
Inc. is the parent company of Denver-based Frontier Airlines.
Currently in its 14th year of operations, Frontier Airlines is the
second-largest jet service carrier at Denver International Airport,
employing approximately 5,500 aviation professionals. With 60
aircraft and one of the youngest Airbus fleet in North America,
Frontier offers 24 channels of DIRECTV(R) service in every seatback
along with 33 inches of legroom in an all coach configuration. In
conjunction with its regional jet fleet, operated by Horizon and
Republic Airlines, Frontier offers routes linking its Denver hub to
58 destinations including 49 U.S. cities in 30 states spanning the
nation from coast to coast, seven cities in Mexico and two cities
in Canada. In November 2006, Frontier and AirTran announced a
first-of-its-kind integrated marketing partnership that offers
travelers the ability to reach more than 80 destinations across
four countries with low fares, aboard two of the youngest fleets in
the industry. In December 2006, Frontier was designated "Best Low
Cost Carrier" in the U.S. by the readers of Business Traveler
magazine. Frontier's maintenance department has received the
Federal Aviation Administration (FAA) Diamond Award recognizing its
advanced training standards for eight consecutive years, from 1999
to 2006. For more in-depth information on Frontier Airlines, please
visit its Web site at http://www.frontierairlines.com/. Safe Harbor
Statement under the Private Securities Litigation Reform Act of
1995: Statements contained in this press release that are not
historical facts may be forward-looking statements as that item is
defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve risks and uncertainties that
could result in actual results differing materially from expected
results and represent the Company's expectations and beliefs
concerning future events based on information available to the
Company as of the date of this press release. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements to reflect events or circumstances that
may arise after the date of this press release. Additional
information regarding risk factors that may affect future
performance at the Company are contained in the Company's SEC
filings, including without limitation, the Company's Form 10-K for
its fiscal year ended March 31, 2007. DATASOURCE: Frontier Airlines
Holdings, Inc. CONTACT: Joe Hodas of Frontier Airlines,
+1-720-374-4504, Web site: http://www.frontierairlines.com/
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