DENVER, May 30 CO-Frontier-Frst-Data
DENVER, May 30 /PRNewswire/ -- Frontier Airlines and First Data today
announced an agreement with respect to the continued processing of Frontier's
Visa and MasterCard charges without any interruption. The agreement provides
First Data with appropriate protection for continuing its processing work for
customer credit card purchases on a "business as usual" basis.
"Today's announcement is another important step as we navigate the Chapter
11 process," said Frontier President and CEO Sean Menke. "The terms of the
agreement are fair and reasonable to both parties, and we appreciate First
Data's ongoing cooperation."
"We are pleased to have come to an agreement with Frontier and will
continue to work closely with them through this process," said Ed Labry,
president of First Data's USA division.
Frontier is expected to file a motion with the Federal Bankruptcy Court in
New York to approve the agreement in the next few days.
About Frontier Airlines Holdings, Inc.
Frontier Airlines Holdings, Inc. is the parent company of Denver-based
Frontier Airlines. Currently in its 14th year of operations, Frontier Airlines
is the second-largest jet service carrier at Denver International Airport,
employing approximately 6,000 aviation professionals. Frontier Airlines'
mainline operation has 60 aircraft, with one of the youngest Airbus fleets in
North America. Frontier Airlines' mainline operations offer 24 channels of
DIRECTV(R) service in every seatback along with a comfortable all-coach
configuration. In conjunction with a fleet of ten Bombardier Q400 aircraft
operated by Lynx Aviation (a subsidiary of Frontier Airlines Holdings, Inc.),
Frontier offers routes to more than 60 destinations in the U.S., Mexico,
Canada and Costa Rica. In November 2006, Frontier and AirTran announced a
first-of-its-kind integrated marketing partnership that offers travelers the
ability to reach more than 80 destinations across four countries with low
fares, aboard two of the youngest fleets in the industry. For more in-depth
information on Frontier Airlines, please visit its Web site at
FrontierAirlines.com.
About First Data
First Data is a global technology leader in information commerce. The
company processes transaction data of all kinds, harnesses the power of that
data and delivers innovations in secure infrastructure, intelligence and
insight for its customers. With operations in 37 countries, First Data serves
over 5.4 million merchant locations, 2,000 card issuers and their customers.
It powers the global economy by making it easy, fast and secure for people and
businesses around the world to buy goods and services using virtually any form
of payment. The company's portfolio of services and solutions includes
merchant transaction processing services; credit, debit, private-label, gift,
payroll and other prepaid card offerings; fraud protection and authentication
solutions; electronic check acceptance services through TeleCheck; as well as
Internet commerce and mobile payment solutions. The company's STAR Network
offers PIN-secured debit acceptance at 2.1 million ATM and retail locations.
Through First Data's centers of excellence, such as security, analytics,
customer loyalty and mobile payments, it offers data-driven commerce solutions
for customers around the globe. For more information, visit
http://www.firstdata.com.
Web site: http://www.FrontierAirlines.com/
SOURCE Frontier Airlines Holdings, Inc.
