Question-and-Answer Session
Operator
(Operator Instructions). Your first question comes from the line of Dwayne Pfennigwerth.
Dwayne Pfennigwerth - Raymond James & Associates
Just wondering what the response has been from some of your existing customers on the regional side. I guess some of your customers are reacting to one of their suppliers becoming perhaps a mainline competitor.
Bryan Bedford
I think the first thing you have to look at, Dwayne, is Frontier is a profitable airline operating in one of the most contested markets in the country in a very adverse economic condition, continues to actually produce solid profits. So if you start with the proposition that Frontier is going to emerge from bankruptcy, then the question that gets asked is, who’s going to be the owner? And I think it’s fair to say that some of our partners are agnostic. I me an they realize Frontier is going to emerge. So it’s not incremental competition; it is what it is. I think others view this as a way that maybe there’s a more rational Frontier in the marketplace than perhaps what exists today.
So we haven’t heard any huge complaints. There has been some head scratching and some work to do with our partners to make sure they understand what our intentions are. But that’s no different than where we were five or six years ago when we went from one partner to two, two partners to three, three partners to four, four partners to five, Dwayne. A lot of people were very confused or concerned how we were going to be able to maintain operating relationships with multiple partners, and many of which are operating in the exact same markets. Yet we’ve been able to do that successfully. So our intent is to continue to focus on what our customers want, which is safe, clean, reliable, cost effective service. Our belief is as long as we produce results for them, that’s what they’re most interested in.
Dwayne Pfennigwerth - Raymond James & Associates
Thank you. I think Jim may have a question.
Jim Parker - Raymond James & Associates
Bryan and Hal, just curious about Mokulele. It appears that you now have, let’s see, $18.5 million invested, and maybe they gave you some couple million in cash back. Is that correct?
Bryan Bedford
Yes, it’s just under $20 million.
Jim Parker - Raymond James & Associates
Okay. Now I’m curious what the end game is with Mokulele, because it appears that you’ve made that investment or started that relationship so that you could find some place to put four 170s. And so one, what is the end game, but also, you’ve put this money in them, are they actually paying you the rent on the 170s you have there as well?
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