2016 TOP STORIES: Retooled Republic preps to exit bankruptcy
Indianapolis-based Republic Airways Holdings Inc., which filed for Chapter 11 bankruptcy protection in February, says it expects to emerge from bankruptcy during the first quarter of 2017.
Republic Airways
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Republic Airways plans to emerge from bankruptcy next quarter
The Indianapolis-based airline company, which filed for Chapter 11 bankruptcy protection in February, filed its plan of reorganization this week.
Republic Airways takes huge third-quarter loss
Indianapolis-based Republic Airways Holdings Inc.—which is in the midst of Chapter 11 bankruptcy reorganization—lost a whopping $366.7 million in the third quarter as costs related to the reorganization mounted.
Shareholders of Republic Airways flex muscle in bankruptcy
Two hedge funds that own a quarter of the stock argue the Indianapolis-based carrier, which flies commuter routes on contract for the nation’s biggest airlines, really wasn’t insolvent when the company filed for bankruptcy—a move that gave it the leverage to negotiate much more favorable pacts with Delta, United and American. And with those deals now sealed, the outlook is even brighter.
American Airlines deal gets Republic closer to bankruptcy exit
Indianapolis-based Republic Airways Holdings Inc. has reached an agreement to continue providing regional flights for American Airlines—a step Republic says “clears the pathway for a successful emergence” from its Chapter 11 bankruptcy case.
Retirements, stiffer training requirements fuel pilot shortage
A University of North Dakota study predicts that annual pilot deficits will escalate over the next decade and will total 15,000 by 2026.
Republic Airways’ executive-bonus plan could face headwinds
If a bankruptcy judge approves the incentive plan, six senior executives of the commuter carrier would split as much as $4.7 million in bonuses over the next three quarters.
Republic Airways seeks relief by freeing itself of leases
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.
Republic Airways lands key deal with United Airlines
The agreement is the second with a major air carrier that could help the Indy-based company emerge from bankruptcy.
Bombardier cuts Republic jet order from production schedule
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.
Republic seeks to escape bankruptcy with Delta deal
A bankruptcy judge in New York has approved a settlement that allows the Indianapolis-based airline contractor to set more favorable terms with Delta Air Lines, one of its biggest customers.
Republic: Unsecured creditors to recoup less than 50 percent
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.
Republic, Delta settle lawsuit, strike deal to continue flights
Delta Air Lines Inc. had accused Indianapolis-based Republic Airways Holdings Inc. of failing to operate a full schedule of flights for a Delta regional carrier.
Republic bankruptcy case sure to enrich its advisers
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 can use bankruptcy to return planes
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.
Pilot shortage, other pressures push Republic into bankruptcy
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.
Former Republic unit Frontier Airlines exploring IPO
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.
Republic facing turbulence despite new labor pact with pilots
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 reports lower profit, revenue
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 pilots vote to approve labor agreement
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.