Frontier Airlines 2005 Annual Report Download - page 49

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ITEM 3. LEGAL PROCEEDINGS
We and an affiliate of Wexford Capital, among others including US Airways and the Airline Pilots Association, have been
named as defendants in a lawsuit filed in October 2005 by certain US Airways pilots. The lawsuit was filed on October 7, 2005 in the
United States District Court for the Eastern District of New York. The lawsuit as it relates to us, would require us to employ certain
pilots of US Airways under terms that would be more favorable to the pilots as compared to terms that were contemplated to be
offered to the pilots by us. We, on the advice of our counsel, believe that the lawsuit, as it relates to us, is wholly without merit and we
will ask the court to dismiss the lawsuit against us at the earliest practicable date. The lawsuit asks for monetary damages of
$1.2 billion.
We are subject to certain other legal and administrative actions, which we consider routine to our business activities.
Management believes that the ultimate outcome of any pending legal matters will not have a material adverse effect on our financial
position, liquidity or results of operations.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
Not applicable.
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Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, February 27, 2006 Powered by Morningstar® Document Research℠