Republic Airways Holdings (RJET) faced no questions today during its analysts call about being the the largest investor in a $75 million financial deal for Frontier Airlines that would offer it fewer restrictions and lower costs, than a proposal from Perseus LLC, a merchant bank and private equity fund management company. RJET was joined by other members of Frontier’s unsecured-creditor’s committee – Credit Suisse Securities and AQR Capital – in lending the airline up to $75 million in debtor-in-possession financing, which will provide the bankrupt carrier with working capital. The deal, approved by the bankruptcy court, means an immediate commitment for $30 million, compared to a $40 million at a 16.5 percent annual percentage rate upfront commitment from Perseus. The payment could come as early as tomorrow, according to RJET Chair Bryan Bedford. The new offer carries a 14 percent APR for cash repayment and 16 percent if made part of the original loan amount. The loan is being secured by Frontier’s assets and the creditors’ original claims remain. For a complete report see the next issue of Regional Aviation News.