DENVER,
Sept. 6 /PRNewswire-FirstCall/ -- Frontier Airlines (Nasdaq: FRNT)
today announced that D.
Dale Browning has been appointed Chairman of the Board
of Frontier Airlines Holdings, Inc. The announcement followed a special
election held by the Board after Frontier's annual shareholder's meeting
today. Browning has served on the Frontier Airlines Holdings, Inc. Board
since 1996 in various capacities including Chairman of the Compensation
Committee and as Chairman of the Audit Committee for the past four years.
Browning will take over his new role from long-time board chair Sam Addoms who
announced his retirement earlier this year.
Browning's experience in banking and finance is extensive. Browning
joined Colorado National bank in 1966 and became President and CEO from 1985
until 1992 when it was acquired by US Bank. At the time of the acquisition,
Colorado National Bank was the second largest bank holding company in the
state of Colorado.
Concurrent with his tenure at Colorado National, Browning also served as
President of Rocky Mountain Bank Card Systems and as founder and President of
Plus System. A subsidiary of Colorado National Bank, Rocky Mountain Bank Card
Systems was founded in 1969 and processed credit card transactions for over
600 banks in the Western US. Browning founded Plus System, an international
shared ATM network, in 1982 and was integrated into Visa International in
1993. Browning then spent the following two years with Visa International as
a senior consultant working on the development of debit card products for Asia
and Europe.
Following his tenure with Visa International, Browning became the CEO of
corporate credit card transaction processing company, Procard. Procard, an
early pioneer in the move to online transaction processing and tracking,
offered corporations the ability to track and view online purchases made by
employees with corporate credit cards. As president and CEO of Procard,
Browning partnered the Company with Synovis in 2000, and remained president
and CEO of Procard for the next two years.
"It would be very difficult to find a more strategic and financially
intuitive leader for this board, and for Frontier, than Dale Browning," said
Addoms. "Dale knows this Company well and has been with Frontier from the very
early stages of its growth, guiding it with aptitude and insight that has been
invaluable. While I will certainly miss my involvement with the tremendous
group of leaders on the Board, I am completely confident that I am leaving
them and Frontier in the very best hands possible as the Company moves forward
with its next phase of strategic growth."
"There is no contention that Sam Addoms is a hard act to follow," added
Browning. "However, the greatest compliment I can pay him is that he has left
me with a board that is talented, diverse, engaged and strategic. Most
importantly, the board and I are truly optimistic about the future of this
company, particularly in light of the numerous strategic initiatives we are
currently undertaking. I am honored to serve as the Chairman of the Board,
and I am confident that with the road map the talented management of this
Company has laid out before us, together we can lead this Company to
profitability and ultimately to sustained success."
About Frontier Airlines Holdings, Inc.
Frontier Airlines Holdings, Inc. is the parent company of Denver-based
Frontier Airlines. Currently in its 14th year of operations, Frontier Airlines
is the second-largest jet service carrier at Denver International Airport,
employing approximately 5,600 aviation professionals. With 60 aircraft and one
of the youngest Airbus fleets in North America, Frontier offers 24 channels of
DIRECTV(R) service in every seatback along with 33 inches of legroom in an all
coach configuration. In conjunction with its regional jet fleet, operated by
Horizon and Republic Airlines, Frontier offers routes linking its Denver hub
to 58 destinations including 49 U.S. cities in 30 states spanning the nation
from coast to coast, seven cities in Mexico and two cities in Canada. 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. In December 2006, Frontier was designated "Best Low
Cost Carrier" in the U.S. by the readers of Business Traveler magazine.
Frontier's maintenance department has received the Federal Aviation
Administration (FAA) Diamond Award recognizing its advanced training standards
for eight consecutive years, from 1999 to 2006. For more in-depth information
on Frontier Airlines, please visit its Web site at
http://www.frontierairlines.com/.