Press Room
 

FROM THE OFFICE OF PUBLIC AFFAIRS

December 23, 2003
js-1065

Air Transportation Stabilization Board Statement on Frontier Airlines, Inc. Prepayment of Remaining Loan Balance

The Air Transportation Stabilization Board announced that yesterday, Frontier Airlines, Inc. fully repaid the remaining balance of a $70.0 million loan issued on February 14, 2003. The final payment had been due in 2007. The loan was backed by $63.0 million federal guarantee issued under the Air Transportation Safety and System Stabilization Act.