Frontier Airlines 2010 Annual Report Download - page 98

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Leasehold interests 6.2 years 6,300
Total definite-lived intangible assets 7.5 years $53,900
Total identifiable intangible assets $ 83,300
Midwest Air Group, LLC
On July 31, 2009, pursuant to the terms of the Agreement and Plan of Merger, dated as of June 23, 2009, among the Company,
RJET Acquisition, Inc. and Midwest, as amended (the “Merger Agreement”), RJET Acquisition, Inc. merged with and into Midwest (the
“Merger”) with Midwest continuing as the surviving corporation and becoming a wholly-owned subsidiary of the Company. Pursuant to the
Merger Agreement, at the effective time of the Merger, the shares of Midwest that were outstanding immediately prior to the effective time of
the Merger were converted into the right to receive an aggregate amount in cash equal to $1.00. In connection with the closing of the Merger,
the Company also consummated the transactions contemplated by the Investment Agreement, dated June 23, 2009 (the “Midwest Investment
Agreement”), among TPG Midwest US V, LLC, TPG Midwest International V, LLC (together, the “TPG Entities”) and the
Company. Pursuant to the Midwest Investment Agreement, at the effective time of the Merger, the Company purchased from the TPG
Entities their $31.0 million
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