 On August 4, 2008, Frontier Airlines Holdings, Inc. announced it was moving forward with an alternate transaction for post-petition debtor-in-possession (DIP) financing.Republic Airways Holdings, Inc., Credit Suisse Securities (through its affiliates), and AQR Capital offered Frontier up to $75 million in DIP financing, with an immediate firm commitment and funding of $30 million.This new DIP facility provides Frontier with lower financing costs, less restrictive covenants and greater flexibility to pursue strategic opportunities without being constrained by more restrictive DIP provisions.