Frontier Airlines 2008 Annual Report Download - page 25

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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 major airports at Boston, Washington, D.C., the New York area, Dallas, Philadelphia, Charlotte, 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 service 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 actually 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 percentage of foreign economic ownership
may be as high as 49%.
-13-
Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, March 16, 2009 Powered by Morningstar® Document Research℠