Frontier Airlines 2005 Annual Report Download - page 30

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We believe that we are operating in material compliance with FAA regulations and hold all necessary operating and air
worthiness certificates and licenses. We incur substantial costs in maintaining our current certifications and otherwise complying with
the laws, rules and regulations to which we are subject. Our flight operations, maintenance programs, record keeping and training
programs are conducted under FAA-approved procedures.
The DOT allows local airport authorities to implement procedures designed to abate special noise problems, provided such
procedures do not unreasonably interfere with interstate or foreign commerce or the national transportation system. Certain airports,
including the major airports at Boston, Washington, D.C., Chicago, Los Angeles, San Diego, Orange County (California) and San
Francisco, have established airport restrictions to limit noise, including restrictions on aircraft types to be used and limits on the
number of hourly or daily operations or the time of such operations. In some instances, these restrictions have caused curtailments in
services or increases in operating costs, and such restrictions could limit our ability to commence or expand our operations at affected
airports. Local authorities at other airports are considering adopting similar noise regulations.
Pursuant to law and the regulations of the DOT, we must be effectively controlled by United States citizens. In this regard,
our President and at least two-thirds of our Board of Directors must be United States citizens and not more than 25% of our voting
stock may be owned or controlled by foreign nationals (although subject to DOT approval the percent of foreign economic ownership
may be as high as 49%).
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Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, February 27, 2006 Powered by Morningstar® Document Research℠