Posted: Sep 10, 2009 2:40 PM by Associated Press
A bankruptcy judge has confirmed the plan of reorganization for Frontier Airlines, moving the Denver-based carrier a step closer to emerging from Chapter 11 protection.
Frontier says it resolved the few objections to its reorganization plan before winning approval from the judge in New York on Thursday.
The plan calls for Frontier to emerge from bankruptcy as a unit of regional jet operator Republic Airways Holdings Inc. around Oct. 1. The old Frontier shares will be canceled.
Frontier filed for Chapter 11 protection in April 2008.