As it continues to work through its Chapter 11 bankruptcy reorganization, Indianapolis-based Republic Airways Holdings Inc. is seeking to get out of leases for 29 of its airplanes and two facilities.
The agreement is the second with a major air carrier that could help the Indy-based company emerge from bankruptcy.
Bombardier Inc. has removed from its production schedule an order for C Series aircraft placed six years ago by Indianapolis-based Republic Airways Holdings Inc., which is in bankruptcy. The price tag was $3 billion.
Indianapolis-based Republic Airways Holdings Inc.’s unsecured creditors are likely to recover less than 50 cents on the dollar in the airline’s bankruptcy, and stockholders should expect nothing at all, according to a letter from the company.
A year after launching in Indianapolis, the niche airline that focuses on corporate customers has shelved local service to all but one of its nonstop destinations.
A new report that ranks U.S. airlines found more U.S. flights are arriving on time and airlines are losing fewer bags, yet more consumers are complaining about air travel.
Republic says the professional-services firms it has tapped should be paid well because they're helping the Indianapolis company work through a "unique set of circumstances" that has never been faced in an airline bankruptcy.
Republic Airways Holdings Inc. won permission to use the bankruptcy process to return what it says are some of its less attractive airplanes and engines.
Allegiant will start offering the year-round flights between Indianapolis International Airport and Jacksonville International Airport on June 2.
Indianapolis-based Republic reached a watershed contract agreement with pilots last October, but it wasn’t enough to allow the carrier to regain its financial footing. Republic shares plummeted on news of the bankruptcy filing.
Landing the nonstop flight to one of the busiest airports in the world—and a major international hub—would be a boon for Indianapolis International Airport, which is highly rated for its quality but has been criticized by businesses for its lackluster selection of international nonstop destinations.
Nearly 1,510 flights remain delayed or cancelled in the aftermath of a massive weekend blizzard that slammed into the eastern U.S., wreaking havoc on travel in the nation’s busiest cities.
Airlines have cancelled about 70 flights through Saturday at Indianapolis International Airport, as a blizzard takes aim at the East Coast and large hubs such as Washington, D.C., and Baltimore.
The seasonal flights will operate twice weekly and will begin April 8. Allegiant is debuting the route with one-way promotional fares as low as $39.
The first of three weekly flights from Indianapolis International Airport to Philadelphia International Airport are set to begin April 14.
Frontier Airlines Inc.—a no-frills carrier that was sold off by Indianapolis-based Republic Airways Holdings Inc. two years ago is considering starting a formal IPO process as early as next year.
Amid the restructuring of flying contracts, Republic Airways executives clearly signaled that Chapter 11 (dubbed Plan B inside the company) remains an option if more lucrative deals with the Big Three airlines (Plan A) can’t be reached.
Republic Airways Holdings Inc. reported a smaller profit and less revenue in the third quarter due to the fallout of its recently resolved labor issues with pilots.
Republic Airways Holdings Inc. announced Tuesday that a majority of its 2,100 pilots have approved a new three-year contract, ending a years-long labor dispute that threatened to put the regional airline out of business.
Southwest Airlines Co. said it has fixed computer system failures that delayed hundreds of flights around the United States over the weekend.
