Creditors give their blessing to Frontier reorganization plan
INDIANAPOLIS — A bankrupt airline that is soon to be acquired by Indianapolis-based Republic Airways has had its reorganization plan approved by creditors. Frontier Airlines Holdings, parent company of the 5,000-employee Denver airline, said late Wednesday that creditors voted 92 percent in favor of the plan. A judge is set to confirm the plan Thursday in the bankruptcy court for the Southern District of New York. Republic expects to close on its $108.8 million purchase of Frontier on or before Oct. 1. (Star report)
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