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Frontier asks bankruptcy court for more time to submit reorganization plan

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Written by editor

Frontier Airlines, now under Chapter 11 protection, on Friday asked a bankruptcy court for more time to submit a reorganization plan, a spokesman confirmed.

Frontier Airlines, now under Chapter 11 protection, on Friday asked a bankruptcy court for more time to submit a reorganization plan, a spokesman confirmed.

The Denver-based carrier filed a request in U.S. Bankruptcy Court in New York asking that a June 4 deadline for proposing a reorganization plan be extended to Oct. 9.

“This is a routine procedure that shows we are still positively moving forward in our restructuring efforts,” Frontier spokesman Steve Snyder said.

As matters now stand, Frontier must submit a reorganization plan by June 4 or the airline’s creditors would draft their own reorganization plan.

Frontier filed Chapter 11 in April 2008; CEO Sean Menke said last week that he is talking to a number of exit financiers to bring the company out from under Chapter 11 protection.

The airline recently reported its second consecutive quarterly net profit, and has posted five straight months of operating profit.