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D. Dale Browning Appointed New Chairman of Frontier Airlines Holdings, Inc. Board of Directors

 
 

Long Time Board Member Brings Tremendous Banking and Finance Experience to

New Role



    DENVER, Sept. 6 /PRNewswire-FirstCall/ -- Frontier Airlines (Nasdaq:  
 FRNT) today announced that D. Dale Browning has been appointed Chairman of
 the Board of Frontier Airlines Holdings, Inc. The announcement followed a
 special election held by the Board after Frontier's annual shareholder's
 meeting today. Browning has served on the Frontier Airlines Holdings, Inc.
 Board since 1996 in various capacities including Chairman of the
 Compensation Committee and as Chairman of the Audit Committee for the past
 four years. Browning will take over his new role from long-time board chair
 Sam Addoms who announced his retirement earlier this year.
     Browning's experience in banking and finance is extensive. Browning
 joined Colorado National bank in 1966 and became President and CEO from
 1985 until 1992 when it was acquired by US Bank. At the time of the
 acquisition, Colorado National Bank was the second largest bank holding
 company in the state of Colorado.
     Concurrent with his tenure at Colorado National, Browning also served
 as President of Rocky Mountain Bank Card Systems and as founder and
 President of Plus System. A subsidiary of Colorado National Bank, Rocky
 Mountain Bank Card Systems was founded in 1969 and processed credit card
 transactions for over 600 banks in the Western US. Browning founded Plus
 System, an international shared ATM network, in 1982 and was integrated
 into Visa International in 1993. Browning then spent the following two
 years with Visa International as a senior consultant working on the
 development of debit card products for Asia and Europe.
     Following his tenure with Visa International, Browning became the CEO
 of corporate credit card transaction processing company, Procard. Procard,
 an early pioneer in the move to online transaction processing and tracking,
 offered corporations the ability to track and view online purchases made by
 employees with corporate credit cards. As president and CEO of Procard,
 Browning partnered the Company with Synovis in 2000, and remained president
 and CEO of Procard for the next two years.
     "It would be very difficult to find a more strategic and financially
 intuitive leader for this board, and for Frontier, than Dale Browning,"
 said Addoms. "Dale knows this Company well and has been with Frontier from
 the very early stages of its growth, guiding it with aptitude and insight
 that has been invaluable. While I will certainly miss my involvement with
 the tremendous group of leaders on the Board, I am completely confident
 that I am leaving them and Frontier in the very best hands possible as the
 Company moves forward with its next phase of strategic growth."
     "There is no contention that Sam Addoms is a hard act to follow," added
 Browning. "However, the greatest compliment I can pay him is that he has
 left me with a board that is talented, diverse, engaged and strategic. Most
 importantly, the board and I are truly optimistic about the future of this
 company, particularly in light of the numerous strategic initiatives we are
 currently undertaking. I am honored to serve as the Chairman of the Board,
 and I am confident that with the road map the talented management of this
 Company has laid out before us, together we can lead this Company to
 profitability and ultimately to sustained success."
     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 5,600 aviation professionals. With 60
 aircraft and one of the youngest Airbus fleets in North America, Frontier
 offers 24 channels of DIRECTV(R) service in every seatback along with 33
 inches of legroom in an all coach configuration. In conjunction with its
 regional jet fleet, operated by Horizon and Republic Airlines, Frontier
 offers routes linking its Denver hub to 58 destinations including 49 U.S.
 cities in 30 states spanning the nation from coast to coast, seven cities
 in Mexico and two cities in Canada. 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. In December 2006, Frontier was designated "Best Low Cost Carrier"
 in the U.S. by the readers of Business Traveler magazine. Frontier's
 maintenance department has received the Federal Aviation Administration
 (FAA) Diamond Award recognizing its advanced training standards for eight
 consecutive years, from 1999 to 2006. For more in-depth information on
 Frontier Airlines, please visit its Web site at
 http://www.frontierairlines.com/.
 
 

SOURCE Frontier Airlines
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