"Frontier Airlines, Inc. today announced that its board of directors has approved a plan of reorganization to form a Delaware holding company. The plan of reorganization provides that Frontier Airlines, Inc., a Colorado corporation, will become a wholly-owned subsidiary of Frontier Airlines Holdings, Inc., a Delaware corporation, and the current shareholders of Frontier Airlines will become stockholders of Frontier Airlines Holdings with the same number and percentage of shares of Frontier Airlines Holdings as they hold of Frontier Airlines prior to the reorganization."
It's an entirely different kind of flying; all together.
BlatantEcho From United States of America, joined Sep 2000, 1869 posts, RR: 1 Reply 1, posted (7 years 3 months 3 weeks 1 day 23 hours ago) and read 2261 times:
WesternA318 From United States of America, joined Oct 2004, 5395 posts, RR: 25 Reply 3, posted (7 years 3 months 3 weeks 1 day 22 hours ago) and read 2154 times:
Great, now I have to get rid of miy stock, lol
Woohoo! Back to Beirut in Oct '13! (Along with a stop in DOH for 4 days)
Leelaw From , joined Dec 1969, posts, RR: Reply 6, posted (7 years 3 months 3 weeks 1 day 22 hours ago) and read 2119 times:
Quoting BlatantEcho (Reply 1): alright, so what's the tax advantage of Delaware?
No tax advantage over most other states.
Wikipedia does a good job of summarizing why Delaware is popular as a "state of incorporation:"
"Delaware is well known as a corporate haven, and many major corporations are chartered in Delaware. Critics of the predominance of Delaware corporate law believe that its laws and courts are excessively friendly to corporations. Proponents point out that many states' laws are more friendly to corporations than Delaware's, especially in offering protection from hostile takeovers; they believe that Delaware's popularity has other reasons, such as the fact that, because of the large number of major corporations chartered in Delaware, the courts in that state are more experienced in the application of corporate law than the courts of other states."
King From , joined Dec 1969, posts, RR: Reply 7, posted (7 years 3 months 3 weeks 1 day 21 hours ago) and read 2039 times:
Interesting. F9 believes a holding structure could facilitate future expansion of its business by providing a more flexible structure for acquiring other businesses or entering into joint ventures while continuing to keep the operations and risks of its core airline business separate. It basically allows F9 to form future subsidiaries. A direct reincorporation in Delaware without the creation of a holding company structure would have required Frontier to merge into a new Delaware corporation, as a result of which Frontier could not continue as a Colorado corporation.
Type-Rated From United States of America, joined Sep 1999, 4349 posts, RR: 20 Reply 11, posted (7 years 3 months 3 weeks 1 day 18 hours ago) and read 1852 times:
I think this is a move on the part of Frontier that could be interpreted as just preparing for future expansion and the ability to easily grab whatever profitable opportunities may come their way. I would expect this out of any sucessful corporation.
Fly North Central Airlines..The route of the Northliners!
GentFromAlaska From United States of America, joined Feb 2005, 2070 posts, RR: 2 Reply 12, posted (7 years 3 months 3 weeks 1 day 17 hours ago) and read 1788 times:
I think we only need to look at Alaska Air Group (AAG) as a economy of scale model. AAG is of course the holding company or Alaska and Horizon Airlines.
This is the very reason Horizon and Frontier were able contract Frontier Jet Express, even though Alaska Airlines and Frontier are competitors
If I recall correctly, under the holding company each airline has there own CEO & CFO. I seem to recall the head honcho of the holding company carries the title of Chairman. Currently I think Bill Ayer is the top rung of both, the holding company and Alaska Airlines.
I wonder if we might see Sam Addoms return to a role in the holding company?
Man can be taken from Alaska. Alaska can never be taken from the man.
N1120A From United States of America, joined Dec 2003, 25852 posts, RR: 79 Reply 13, posted (7 years 3 months 3 weeks 1 day 15 hours ago) and read 1707 times:
Quoting Mariner (Reply 5): Does UAL Corp (also a holding company) hold others - Avolar, maybe?
Avolar doesn't exist anymore IIRC. UAL Corp used to be a larger company (remember Allegis?) and owned things like Hertz and Westin Hotels as well as United. Now it is pretty much United Air Lines and United Services.
BTW, more than anything, the reasons companies register in Delaware is the easy dispensation of litigation by the judges in the state.
Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
WesternA318 From United States of America, joined Oct 2004, 5395 posts, RR: 25 Reply 15, posted (7 years 3 months 3 weeks 1 day 15 hours ago) and read 1694 times:
Does anyone remember when the original Frontier created a holding company and then went off it's rocker and started Frontier Horizon? That's what I'm afraid of. Potter said it's not going to happen like it did then, and I was skeptical, enough to resign as consultant to them. When I got back home and told my boss, he flipped, lol. Oh well, I have my reasons.
Woohoo! Back to Beirut in Oct '13! (Along with a stop in DOH for 4 days)
WesternA318 From United States of America, joined Oct 2004, 5395 posts, RR: 25 Reply 18, posted (7 years 3 months 3 weeks 1 day 15 hours ago) and read 1672 times:
Mariner,
I was only thinking about what happened when the original Frontier created a parent Holding company. Alaska is definately a good choice though, thanks for telling me.
Woohoo! Back to Beirut in Oct '13! (Along with a stop in DOH for 4 days)
Mariner From New Zealand, joined Nov 2001, 22718 posts, RR: 88 Reply 19, posted (7 years 3 months 3 weeks 1 day 15 hours ago) and read 1672 times:
Quoting DLKAPA (Reply 17): Mariner, was it you who said that if Frontier was going to go into turboprops they'd do it "in - house?"
Yes, but it was a sort of guess from looking at the structure and the route map.
After Canada, more Mexico and the probable focus city, the great hole in the Frontier network will be -
- intra-state Colorado and nearer inter-state.
I doubt they would form a new regional company, a Jet Express variant, because the contact with Horizon still has ten years to run and they've both very happy.
Which leaves the very ambivalent situation with Great Lakes. If there is an area that needs some work, it is that one.
N1120A From United States of America, joined Dec 2003, 25852 posts, RR: 79 Reply 20, posted (7 years 3 months 3 weeks 1 day 15 hours ago) and read 1672 times:
Quoting Mariner (Reply 14): Oh. I was told they owned United Fuel Fuel Srevices, as well as Mileage Plus Inc and a few others - smaller companies, like United Vacations, etc.
I had no idea they had spun off Mileage Plus and wasn't really counting United Vacations, but yeah, those too. I was speaking more of their larger arms
Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
DLKAPA From , joined Dec 1969, posts, RR: Reply 21, posted (7 years 3 months 3 weeks 1 day 15 hours ago) and read 1661 times:
Quoting Mariner (Reply 19): Which leaves the very ambivalent situation with Great Lakes. If there is an area that needs some work, it is that one.
Maybe they think they can pull Great Mistakes out of their hole. Could it be at all possible that this new holdings company purchases Great Mistakes and then axes the UA codeshare? That would seriously make me laugh...
WesternA318 From United States of America, joined Oct 2004, 5395 posts, RR: 25 Reply 23, posted (7 years 3 months 3 weeks 1 day 15 hours ago) and read 1655 times:
I knew about AMR and how they run their seperate entities, but I was mainly sticking ith the smaller more national airlines. And what is up with Alaskas stock? *whistle*
Woohoo! Back to Beirut in Oct '13! (Along with a stop in DOH for 4 days)
Mariner From New Zealand, joined Nov 2001, 22718 posts, RR: 88 Reply 24, posted (7 years 3 months 3 weeks 1 day 15 hours ago) and read 1649 times:
Quoting N1120A (Reply 20): I had no idea they had spun off Mileage Plus and wasn't really counting United Vacations, but yeah, those too.
This is the list that was just posted on another board. I cannot vouch for its accuracy.
UAL Corp.
UAL LOYALTY SERVICES INC
CONFETTI INC
MILEAGE PLUS HOLDINGS INC
MILEAGE PLUS MARKETING INC
MY POINTS.COM INC
CYBERGOLD INC
ITARGET.COM INC
MYPOINTS OFFLINE SERVICES INC
UAL COMPANY SERVICES INC
FOUR STAR LEASING INC
UAL BENEFITS MANAGEMENT INC
DOMICILE MANAGEMENT SERVICES INC
UNITED BIZJET HOLDINGS INC
BIZJET CHARTER INC
BIZJET FRACTIONAL INC
BIZJET SERVICES INC
UNITED AIR LINES INC
KION LEASING INC
PREMIER MEETING AND TRAVEL SERVICES INC
UNITED AVIATION FUELS CORPORATION
MILEAGE PLUS INC
UNITED GHS INC
UNITED COGEN INC
UNITED WORLDWIDE CORPORATION
UNITED VACATIONS
Quoting DLKAPA (Reply 21): Could it be at all possible that this new holdings company purchases Great Mistakes and then axes the UA codeshare?
Oh, that's a whole other area. I mean, yes, they could - what would it cost, $10 million? Less?
But the only thing keeping Great Lakes flying are the EAS subsidies, and would they want to get into those?
And there would be awful issues of integration with the pilot seniority, etc.
Maybe it would be better to start over?
cheers
mariner
aeternum nauta
25 DLKAPA: At the moment yes, but Great Lakes is also Frontier's only intra-colorado feed, and half of those seats are filled to United passengers are they not?
26 Centrair: So Delaware has more than screen door factories? (Lisa Simpson) Why'd the businessman cross the road? Maryland and Virginia were too expensive.
27 Mariner: Yes, you're right. I was wrong. Agreed. And that's the area I think needs work. Theoretically, nothing, except that it is very "un-Frontier". Don't g
28 ERJ170: Southeastern US perhaps? they have BWI, DCA, BNA, and ATL.. If you even look at their map you see a big gapping whole in the Southeastern section.. W
29 Mariner: Yeh, yeh, very funny. There are to be at least three US cities this year. I am assuming that one of those cities will be in the Carolinas - or that g
30 Atomother: Perhaps they will start a new company flying the E-jets? As said above, the Horizon deal already fills that need though so that is probably not likely
31 Laxintl: Forming a holding company is a significant move and really would not be done for no reason as it does have additional cost (SEC reporting, tax implica
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