Frontier Airlines files for bankruptcy protection, plans to keep running while it reorganizes

his change in established practices would have represented a material change to our cash forecasts and business plan. Unchecked, it would have put severe restraints on Frontier's liquidity and would have made it impossible for us to continue normal operations."

He said Frontier was prepared to litigate, if necessary.

The creditor listed in bankruptcy court documents as having the largest general unsecured claim against Frontier by far was Wells Fargo, with $93.5 million. Frontier said it had fewer than 50 creditors.

At the end of last year, Frontier said, it had assets of $98.3 million and debts of $92.2 million.

A Frontier spokesman had said earlier this week the airline had "no concerns about bankruptcy" but added that it was working on strengthening its cash position.

Last month, Frontier said it had agreed to sell four planes as it dealt with rising fuel costs.

On the Net:

http://www.frontierairlines.com

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