Frontier Airlines Executive Vice President and Chief Financial Officer to Step Down Effective March 21, 2008
February 18 2008 - 5:00PM
PR Newswire (US)
DENVER, Feb. 18 /PRNewswire-FirstCall/ -- Frontier Airlines
Holdings, Inc. (NASDAQ:FRNT) today announced that its Executive
Vice President and Chief Financial Officer, Paul Tate, will resign
to accept a new position outside of the commercial airline
industry. Tate has been Frontier's Executive Vice President and CFO
since September, 2001. Tate's resignation will become effective on
March 21, 2008. Frontier's executive management and its Board of
Directors has already commenced a search for his successor. "Paul
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," said Frontier's President and CEO, Sean
Menke. "On behalf of all of the employees of Frontier, and the
leadership team that has had the pleasure of working with Paul on a
daily basis, we thank him for his guidance, foresight and business
acumen and we wish him the best of luck in his new endeavor." 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 6,000 aviation professionals. With 61
aircraft and one of the youngest Airbus fleets in North America,
Frontier offers 24 channels of DIRECTV(R) service in every seatback
along with a comfortable all coach configuration. In conjunction
with its regional jet fleet, operated by Republic Airlines, and a
fleet of ten Bombardier Q-400 aircraft operated by Lynx Aviation (a
subsidiary of Frontier Airlines Holdings, Inc.), Frontier offers
routes linking its Denver hub to 63 destinations, including 53 U.S.
cities in 32 states spanning the nation from coast to coast; six
cities in Mexico; two cities in Canada and one in Costa Rica. 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. For more
in-depth information on Frontier Airlines, please visit its Web
site at FrontierAirlines.com. Legal Notice Regarding
Forward-Looking Statements Statements contained in this press
release that are not historical facts, including certain statements
by Messrs. Potter and Addoms regarding future expectations for the
Company, may be considered forward-looking statements as that item
is defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are inherently subject to risks and
uncertainties that could cause actual results to differ materially
from these forward-looking statements. Many of these risks and
uncertainties cannot be predicted with accuracy and some might not
even be anticipated. These risks and uncertainties are not
exclusive, and 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 these and other factors
may be contained in the Company's SEC filings, including without
limitation, the Company's Form 10-K for its fiscal year ended March
31, 2007. The Company's filings are available from the Securities
and Exchange Commission or may be obtained through the Company's
website, http://www.frontierairlines.com/. 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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