Frontier Airlines 2006 Annual Report Download - page 271

(g) Insurance. RAI is insured by insurers of recognized financial responsibility against such losses and risks and
in such amounts and with such deductibles as are customary in the businesses in which they are engaged. RAI has not received notice
of cancellation or non-renewal of such insurance. All such insurance is outstanding and duly in force on the date hereof. RAI has no
reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain
similar coverage from similar insurers as may be necessary to continue its business at a cost that would not have a material adverse
effect on RAI.
(h) No Proceedings. There are no legal or governmental proceedings pending, or investigations commenced of
which RAI has received notice, in each case to which RAI is a party or of which any property or assets of RAI is the subject which, if
determined adversely to RAI, would individually or in the aggregate have a material adverse effect on RAI or on RAI's ability to
provide Regional Airlines Services and otherwise perform its obligations hereunder; and to the best knowledge of RAI, no such
proceedings are threatened or contemplated by governmental authorities or threatened by others.
(i) No Labor Dispute. No labor dispute with the employees of RAI exists or, to the knowledge of RAI, is
imminent which would reasonably be expected to have a material adverse effect on RAI or on its ability to provide Regional Airlines
Services and otherwise perform their respective obligations hereunder.
(j) Permits. Other than FAA certification for over-water operations, which certification RAI intends to obtain
prior to the inservice date of the fifth Covered Aircraft, RAI possesses all material certificates, authorizations and permits issued by
FAA and other applicable federal, state or foreign regulatory authorities necessary to conduct their respective businesses, to provide
Regional Airlines Services and otherwise to perform their respective obligations hereunder, and RAI has not received any notice of
proceedings relating to the revocation or modification of any such certificate, authorization or permit which, individually or in the
aggregate, if the subject of an unfavorable decision, ruling or finding, would result in a material adverse effect on RAI or on its ability
to conduct its businesses, to provide Regional Airlines Services and otherwise to perform its obligations hereunder.
Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, March 15, 2007 Powered by Morningstar® Document Research℠