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Feb 27, 2008|
Frontier Bolsters Finance Department, Continues Search for Chief Financial Officer
Ted Christie Promoted to Senior Vice President, Finance; Company Creates New Position to Oversee Treasury and Budget
DENVER, Feb. 27 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. (NASDAQ: FRNT), today announced the promotion of Ted Christie to Senior Vice President, Finance; Elissa Potucek to the newly created position of Vice President of Treasury and Budget; and Heather Iden to Vice President and Controller. Christie, who has been with the Company since December 2002 and most recently served as Vice President of Finance, will lead the restructured finance team as the Company engages in its search for a new Chief Financial Officer (CFO). Potucek, who has been with Frontier since August 1995, will oversee Frontier's cash flow, taxes and balance sheet and will provide critical oversight of the budgeting process as part of her newly created role of Vice President of Treasury and Budgets. Iden joined Frontier in March 2005 and most recently served as Director of Corporate Accounting and Financial Reporting.
"Ted, Elissa and Heather are a talented team of proven professionals and I congratulate them on their new roles," said Sean Menke, Frontier President and CEO. "Our financial department is mission critical as we face $100-per-barrel fuel and an industry that is on the front end of some significant changes. I am grateful that we have the leadership of a strong team of seasoned professionals in place to provide the blocking and tackling of budgeting, forecasting and compliance as well as the vision to help us navigate the opportunities that may be presented to us in the future. This new structure will provide greater oversight of critical financial functions such as the budgeting process and will also serve us well as we continue our search for the ideal candidate to fill the Chief Financial Officer (CFO) position. I feel very confident that whomever we hire as CFO will inherit a strong leadership team that is well positioned for future growth and success."
About Frontier Airlines Holdings, Inc.
Frontier Airlines Holdings, Inc. is the parent company of Denver-based Frontier Airlines. Currently in its 14th year of operations, Frontier Airlines is the second-largest jet service carrier at Denver International Airport, employing approximately 6,000 aviation professionals. With 60 aircraft and one of the youngest Airbus fleets in North America, Frontier offers 24 channels of DIRECTV® service in every seatback along with a comfortable all coach configuration. In conjunction with its regional jet fleet, operated by Republic Airlines, and a fleet of ten Bombardier Q400 aircraft operated by Lynx Aviation (a subsidiary of Frontier Airlines Holdings, Inc.), Frontier offers routes linking its Denver hub to 70 destinations, including 62 U.S. cities in 34 states spanning the nation from coast-to-coast; six cities in Mexico; and Canada and Costa Rica. In November 2006, Frontier and AirTran announced a first-of-its-kind integrated marketing partnership that offers travelers the ability to reach more than 80 destinations across four countries with low fares, aboard two of the youngest fleets in the industry. For more in-depth information on Frontier Airlines, please visit its Web site at FrontierAirlines.com.
SOURCE: Frontier Airlines Holdings, Inc.
CONTACT: Joe Hodas of Frontier Airlines, +1-720-374-4504,
Web site: http://www.frontierairlines.com/