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  • FRNTQ a must must Buy

    FRNTQ- Its going to be a gold mine this week.


    This thing had gone much low and we had seen people losing almost everything but the latest bidding between top airlines for Frontier again has given tones of profit for people. Here from hotstocks to watch we believe it is a definite buy anywhere below 0.50 . It may rise upto 0.75 in coming week. We would suggest to get in on Tuesday Aug 4 and get around 100% profit in a week.

    God bless. Be rich

    News:press release form frontier's website

    Frontier Confirms That Southwest Airlines Developing a Bid for the Airline

    DENVER, July 30, 2009 - Frontier Airlines Holdings, Inc. (OTCBB: FRNTQ) today announced that Southwest Airlines Co. (NYSE: LUV) has submitted an initial non-binding proposal to acquire Frontier under the auction procedures established in Frontier’s Chapter 11 bankruptcy cases and approved by the U.S. Bankruptcy Court.

    As previously announced, on July 13 the judge presiding over Frontier’s Chapter 11 bankruptcy cases in the U.S. Bankruptcy Court for the Southern District of New York approved a proposed investment agreement between Frontier and Republic Airways Holdings, Inc. (NASDAQ: RJET). Pursuant to the investment agreement, Republic agreed to purchase 100% of the stock of Frontier Holdings upon its emergence from bankruptcy for $108.75 million, so long as certain conditions are met. Frontier Airlines Holdings would become a wholly-owned subsidiary of Republic, an airline holding company that owns Chautauqua Airlines, Republic Airlines and Shuttle America.

    The Republic investment agreement provides for an auction period, during which Frontier may seek higher or otherwise better competing bids. If Frontier identifies such a bid, it can terminate the Republic investment agreement and accept the other offer. Under the auction procedures approved by the Court, interested bidders must submit an initial proposal by Aug. 3, 2009, and a final proposal by Aug. 10, 2009. Frontier and its advisors, in consultation with the Unsecured Creditors’ Committee appointed in Frontier’s Chapter 11 cases, will conduct an auction, if necessary, on Aug. 11, 2009, to consider all qualified proposals and determine the highest or otherwise best proposal.

    Frontier currently expects to emerge from Chapter 11 this autumn.

    Frontier and its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code on April 10, 2008. More information about Frontier’s Chapter 11 proceedings is available at FrontierAirlines.com/restructure. Court filings and claims information are available at frontier-restructuring.com. Frontier’s principal restructuring counsel is Davis Polk & Wardwell LLP.

    About Frontier Airlines Holdings, Inc.

    Frontier Airlines Holdings, Inc. is the parent company of Denver-based Frontier Airlines. Currently in its 16th year of operations, Frontier Airlines is the second-largest jet service carrier at Denver International Airport, employing approximately 5,000 aviation professionals. Frontier Airlines' mainline operation has 51 aircraft with one of the youngest Airbus fleets in North America. Frontier Airlines' mainline operations offer 24 channels of DIRECTV® service in every seatback along with a comfortable all-coach configuration. In conjunction with a fleet of ten Bombardier Q400 aircraft operated by Lynx Aviation (a subsidiary of Frontier Airlines Holdings, Inc.), Frontier offers routes to more than 50 destinations in the U.S., Mexico and Costa Rica. Starting later this year, Frontier will further expand the destination options available to its customers with a new codeshare agreement with Midwest Airlines. For more in-depth information on Frontier Airlines, please visit its Web site at FrontierAirlines.com.

4 comments:

  1. Jay says:

    good work man... you have an extraordinary skill and knowledge.

  1. Nani says:

    nice picks man, what time I should see this site everyday?
    Do you have any auto email facility?

    Thanks

  1. No auto email facility yet. I will be adding it soon. The best way for you is to follow the blog with google friend connect as well as click on Subscribe to posts(atom) on the bottom of the blog to make a bookmark in your bookmark toolbar. You can check the blog early morning as I will be posting anytime during the night. Also I will be adding the email facility soon.
    August 5, 2009 5:23 PM

  1. Hello folks,
    Email Subscriptions are now active
    Enjoy.........

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