The Bankruptcy Court for the Southern District of New York confirmed Frontier’s reorganization plan yesterday after the company successfully resolved the remaining few objections to its plan, since creditors approved the plans last week. With the Bankruptcy Court's order confirmation, the company will emerge from bankruptcy on or about Oct. 1, 2009, as a wholly owned subsidiary of Republic Airways Holdings, Inc. (RJET) Related Story Existing Frontier shares will be canceled.

During its reorganization it shed aircraft, costs and jobs and has consistently reported in its required monthly submissions to the bankruptcy court months of profitability. Several questions remain after Republic CEO Bryan Bedford to the Milwaukee Journal Sentinel the company may shift jobs away from Frontier to Milwaukee which has copious capacity since Midwest Airlines cut over 2,000 jobs as it cut jobs and costs before being acquired by Republic.

Meeting with the Journal Sentinel Editorial Board just after the creditor approval of the reorganization plan, Bedford indicated some 250 Denver Jobs and 150 jobs at Frontier’s service center in Las Cruces, NM are at risk and a decision could come within 30 days. The Las Cruces jobs will definitely be moved to save money, he said, but the question remains whether they would be moved to Frontier’s base at Denver, Midwest’s base at Milwaukee or Republic’s base at Indianapolis.

RJET is slimming the redundant jobs at Frontier and Midwest and is deciding whether they will go to Frontier or Milwaukee, said the newspaper. Midwest is also cutting union pilot and flight attendant jobs. Republic wants the Midwest and Republic unions to agree on merging seniority lists before moving to re-hire them, according to the Journal Sentinel. In addition to restoring flights at Milwaukee, Bedford indicated that some of those flights would be on Frontier’s Airbus A319 and A320s. "There will be some news coming," he told the board.

“This is an extremely proud day for everyone in our company,” said Frontier President and CEO Sean Menke. “Many people doubted that we would even survive, let alone accomplish a successful reorganization, provide a recovery for our creditors and emerge a stronger competitor and company. Upon consummation of our Plan of Reorganization with Republic, we will be a successfully restructured airline, well positioned to be a competitive, successful, sustainable airline for years to come. I must give a special thanks to all of our Frontier and Lynx employees. Their hard work, sacrifice and resiliency during the bankruptcy was key to our successful reorganization. They are the primary reason why Frontier Airlines and Lynx Aviation are where we are today.”

Frontier said it, along with its legal advisors Davis Polk and Wardwell LLP and financial advisors Seabury Group, LLC, has worked throughout its stay in bankruptcy to achieve consensual resolutions with affected parties, something it called the “hallmark of Frontier's entire Chapter 11 case.”

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