Republic Airways profit soars on acquisitions
Indianapolis airline plans a public offering of 12 million shares of common stock that could raise $100 million or more.
Indianapolis airline plans a public offering of 12 million shares of common stock that could raise $100 million or more.
A new agreement brings favorable outcome to negotiations that bottomed in 2007, when passenger carriers complained of footing bill for FedEx Corp.’s airport expansion.
Frontier Airlines may seek a marketing agreement with a major carrier as industry collaboration continues, said Bryan Bedford, chief executive of Indianapolis-based parent company Republic Airways Holdings Inc.
Republic Airways Holdings not only beat analysts’ second-quarter estimates this year, but also posted a profit. But just weeks after the new player in scheduled service announced those solid results, arch-enemy Southwest Airlines announced it was buying AirTran for $1 billion.
Dallas-based Southwest Airlines would bump Delta Air Lines from top carrier spot at Indianapolis International Airport when it acquires Orlando-based-based AirTran in a deal announced Monday. Southwest/AirTran would have about 33 percent of the Indianapolis market, airport officials said.
Bryan Bedford, CEO, president and chairman of Indianapolis-based Republic Airways, will appear in an episode of “Undercover Boss” this season, CBS-TV announced.
Federal regulators say Republic delayed filing financial reports for subsidiaries Chautauqua Airlines, Republic Airline and Shuttle America. it is the second proposed sanction levied against the Indianapolis-based carrier this year.
Houston-based ExpressJet on Sept. 10 will begin four weekly flights to Branson on behalf of Branson AirExpress, the Indianapolis Airport Authority announced Wednesday morning.
Republic Airways Holdings Inc., which operates Frontier Airlines and does regional flying for other carriers, said Thursday
its planes were much more crowded than a year ago.
Indianapolis International Airport sees first rise in passenger traffic in almost three years.
Indianapolis-based carrier took an $11.5 million charge to write off the Midwest Airlines brand name. Republic is combining Milwaukee-based Midwest with Denver-based Frontier Airlines.
At Indianapolis International Airport, United accounts for 7.2 percent of passenger traffic and Continental accounts for
5.8 percent, a total of 13 percent, according to March figures from the airport.
Federal aviation officials want to fine Chautauqua Airlines $348,000 for allegedly flying regional jets thousands of times
without performing required safety inspections.
Indianapolis-based Republic Airways Holdings Inc., owns both Midwest Airlines and Frontier Airlines, says it will begin using
the Frontier name for the operations of both carriers.
John Clark took trips to Malayasia, England and the Super Bowl during his first year as CEO of the Indianapolis Airport Authority.
Passengers reported fewer complaints in 2009 even while cash-strapped airlines reduced flight schedules and charged for everything
from bags and pillows to prime spots in boarding lines.
The federal agency says Frontier Airlines used the wrong sign to guide passengers toward one of the emergency exits on its
planes.
The union for mechanics at Frontier Airlines is going to court over Republic Airways Holdings Inc.’s plans to shift their
work to Milwaukee.
Republic has agreed to buy 40 Bombardier Inc. CS300 regional jets valued at $3.06 billion, the largest order for the aircraft
since its introduction in 2008.
CEO Bryan Bedford remains at the helm, but shares of Republic Airways have fallen nearly 30 percent following the departure
of an executive deemed key to the operation
of the regional airline’s first two branded carriers, Frontier Airlines and Midwest Airlines.