-T / T / +T | Comment(s)

Friday, November 2, 2007

Lynx May Launch in December

While Frontier has contracted with Express Jet (XJT) to fly Lynx routes through January, it is hopeful to have the fledgling carrier launch by the end of the year, according to management statements during its recent investor’s conference. In addition to the $2.3 million in start-up costs during the third quarter, the airline is expecting it will spend another $5 million in start-up costs in the fourth quarter.
The airline has spent between $8 million to $10 million since the first quarter of 2006 on the launch of its FAA-delayed airline. In addition, its previous guidance on start-up costs was another $6 million to $8 million versus the $5 million the airline is predicting in the fourth quarter. For a complete report see the next issue of Regional Aviation News.
blog comments powered by Disqus