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WASHINGTON, DC - The Air Transportation Stabilization Board (the Board) announced today its conditional approval of the application by Frontier Airlines, Inc. for a $63 million loan guarantee under the Air Transportation Safety and System Stabilization Act and implementing regulations promulgated by the Office of Management and Budget. The Board’s decision was unanimous. The Board’s approval is subject to several conditions, including increased fees and warrants and other conditions identified in the Board’s letter to Frontier Airlines, Inc., which is attached below.
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