Air Transport World

Frontier Airlines.(Leasing & Finance briefs)

Frontier Airlines netted approximately $81.1 million from a public offering of 4.7 million shares of common stock. In addition, underwriters exercised an overallotment option of 350,000 shares. Sixty percent of the net proceeds will be used to pay down a portion of the company's government-guaranteed loan with the reminder allocated for working capitol and capital expenditures. …

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