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| Power Flight News |
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Welcome to Power Flight Aviation
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Welcome to Power Flight Aviation — the industry’s leading provider of overhaul and repair services to the aerospace industry. Because our Company has continuously invested in state-of-the-art systems, equipment, processes and training — you benefit through shorter lead times, better quality, and customized support optimum for your operation. |
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Frontier Lands DIP Financing
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 Denver-based low-cost carrier Frontier Airlines, which filed for Chapter 11 bankruptcy protection on April 10, has unveiled a debtor-in-possession (DIP) agreement that will raise $75 million for the troubled airline. The deal also allows the financier, Washington D.C.-based investment firm Perseus, to purchase 79.9% of a reorganized Frontier for $100 million. Both the DIP and ownership agreements are subject to bankruptcy court approval.
Frontier's July 25 announcement comes one day after Southwest Airlines confirmed a further expansion of its Denver operations to 115 daily departures by November, and just days after United Airlines said its Denver hub capacity will be reduced by 16% this winter. |
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