When it rains, it pours. Looks like a mere few days after receiving an offer for DIP financing from Perseus, Frontier has another option. This time it’s from existing unsecured creditors, and they’ve decided they like this deal better. Credit Suisse, AQR Capital, and Republic Airways have all decided to pour up to $75 million into the airline ($30 million immediately) with, as the...
Travel Industry Archive
August 2008
It’s amazing how ignorant some unions can pretend to be when they think it might get them a pay raise. I mean, I have to assume that they’re pretending here (in this case it’s American’s pilots), because if they actually believe that what they say is in any way feasible, then they’re a lot dumber than I thought. Take a look at this post in Sky Talk talking about...
Part of the fun of going to NBTA was that I had the chance to sit and chat with PR teams from several different airlines. Both ANA and Lufthansa contacted me before the show, so I went over to the Star Alliance area and spent a fair amount of time speaking with them both. Neither of them seem to have big plans for the USA at the moment. First up was ANA. I spoke with Gary Weiss, Director of...
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