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Thursday, October 02, 2008

Frontier Airlines Reaches Tentative Long-Term Concession Agreement with Transportation Workers Union Leadership

Comtex

DENVER, Oct 02, 2008 /PRNewswire via COMTEX/ ----Frontier Airlines today announced that it has reached a tentative agreement with one of its unions for long-term wage and benefit concessions. Leaders of the Transportation Workers Union (TWU), which represents the airline's dispatchers, agreed to wage and benefit concessions through September 2012. The agreement will be presented for ratification by the union membership and for approval by the court overseeing Frontier's Chapter 11 case.

"I applaud the TWU leadership for recognizing the necessity of these concessions and working cooperatively with us," said Frontier President and CEO Sean Menke. "This is another very important step in our Chapter 11 reorganization process, helping us to meet the cost targets required by our business plan."

"The TWU appreciates the joint effort made in achieving this restructuring agreement," said TWU Local 540 President David Durkin. "We hope that this will be the first step in achieving agreements with the other groups which will allow Frontier to exit bankruptcy as quickly as possible."

Frontier continues to negotiate to obtain long-term concessions from its other two unions: the Frontier Airline Pilots Association, which represents Frontier's pilots, and the International Brotherhood of Teamsters, which represents Frontier's mechanics, tool room employees, aircraft appearance agents and material specialists.

About Frontier Airlines Holdings, Inc.

Frontier Airlines Holdings, Inc. is the parent company of Denver-based Frontier Airlines. Currently in its 15th year of operations, Frontier Airlines is the second-largest jet service carrier at Denver International Airport, employing more than 5,000 aviation professionals. Frontier Airlines' mainline operation has 56 aircraft with one of the youngest Airbus fleets in North America. Frontier Airlines' mainline operations offer 24 channels of DIRECTV(R) service in every seatback along with a comfortable all-coach configuration. In conjunction with a fleet of ten Bombardier Q400 aircraft operated by Lynx Aviation (a subsidiary of Frontier Airlines Holdings, Inc.), Frontier offers routes to more than 50 destinations in the U.S., Mexico, Canada and 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 http://FrontierAirlines.com.

SOURCE Frontier Airlines Holdings, Inc.

http://www.frontierairlines.com

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No-Load Funds

Some mutual funds want you to pay for the privilege of them (or your investment adviser) taking your money to invest. It's called a load, and it works like a cover charge to get into a nightclub. Luckily, there are such things as no-load funds. As the name implies, shares of these funds are sold without a fee paid to a broker or investment advisor.

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