Frontier Airlines 2005 Annual Report Download - page 32

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under Chapter 7 of the bankruptcy code, then our code-share agreements will be terminated. If the agreements are terminated, we must
still accept for delivery the aircraft which had not been delivered but that we would have flown for that airline. Although we are
entitled to recoup certain expenses in connection with the aircraft, including certain fees paid to the manufacturer as well as our
ownership costs of the aircraft for a transitional period of time, a termination of these agreements could have a material adverse effect
on our financial condition, operating revenues and net income unless we are able to enter into satisfactory substitute arrangements for
the utilization of these aircraft by other code-share partners, or, alternatively, obtain the airport facilities and gates and make the other
arrangements necessary to fly under our own flight designator code. We cannot assure you that we would be able to enter into
substitute code-share arrangements, that any such substitute code-share arrangements would be as favorable to us as the current
code-share arrangements with Delta, or that we could, in the alternative, successfully fly under our own flight designator code.
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Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, February 27, 2006 Powered by Morningstar® Document Research℠