Frontier secures $75 million in funding

Frontier Airlines announced the receipt of a $75 million commitment in post-petition debtor-in-possession financing from Perseus LLC, a Washington-based investment firm that also will serve as equity sponsor for Frontier's plan of reorganization. Frontier President and CEO Sean Menke called the financing "a major boost" and said it "builds momentum" toward the company's emergence "as a viable enterprise." Perseus Senior MD Brian Leitch said the carrier "has the highest-quality affordable ...