Frontier Airlines Emerges from Chapter 11 Protection

Frontier Airlines Holdings, Inc. announced today that Republic Airways Holdings, Inc. (NASDAQ: RJET) has completed its acquisition of the Company. Upon the closing of the transaction, Frontier Airlines Holdings, Inc., Frontier Airlines, Inc. and Lynx Aviation, Inc. successfully emerged from Chapter 11 bankruptcy and are now wholly owned subsidiaries of Republic. Frontier Airlines and Lynx Aviation will continue to operate under their same names, offering the same flight schedules, customer amenities and frequent flier benefits as in the past.

"This is the end of a long, difficult journey and the beginning of a new, exciting one," said Frontier President and CEO Sean Menke. "My thanks go to our Frontier and Lynx employees whose hard work and sacrifice enabled us to successfully restructure our Company into an incredible success story. Thanks as well to our loyal customers who continued to support us when many others doubted we would succeed. We will continue to focus on the same safe, efficient, customer-friendly service our customers have come to expect from us."

Menke continued, "We are also looking forward to building on our relationships and working with both Republic and Midwest Airlines to build a strong, sustainable, competitive airline for years to come."

About Frontier Airlines Holdings, Inc.

Frontier Airlines is a wholly owned subsidiary of Republic Airways Holdings, Inc., an airline holding company that owns Chautauqua Airlines, Midwest Airlines, Mokulele Airlines, Republic Airlines and Shuttle America. Currently in its 16th year of operations, Frontier Airlines is the second-largest jet service carrier at Denver International Airport, employing approximately 5,000 aviation professionals. Frontier Airlines is made up of one of the youngest Airbus fleets in North America offering 24 channels of DIRECTV(R) service in every seatback along with a comfortable all-coach configuration. Frontier offers routes to more than 50 destinations in the U.S., Mexico and Costa Rica. In addition, Frontier and Midwest Airlines have a codeshare partnership that allows passengers of both airlines access to 70 destinations in the U.S., Mexico and Costa Rica.

SOURCE: Frontier Airlines Web site: FrontierAirlines.com

SOURCE: Frontier Airlines Holdings, Inc.

Frontier Airlines Holdings, Inc. 
Corporate Communications, 720-374-4560 
media@flyfrontier.com

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