Frontier Airlines 2006 Annual Report Download - page 28
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maintenance or operations activities; record keeping procedures in accordance with FAA requirements; and FAA approval of flight
training and retraining programs. Generally, governmental agencies enforce their regulations through, among other mechanisms,
certifications, which are necessary for our continued operations, and proceedings, which can result in civil or criminal penalties or
revocation of operating authority. The FAA can also issue maintenance directives and other mandatory orders relating to, among other
things, grounding of aircraft, inspection of aircraft, installation of new safety-related items and the mandatory removal and
replacement of aircraft parts that have failed or may fail in the future.
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.
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Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, March 15, 2007 Powered by Morningstar® Document Research℠