Republic Airways Receives Financing for 47 Embraer E175 Aircraft
INDIANAPOLIS -- July 15, 2013
Republic Airways Holdings Inc. (NASDAQ: RJET) today announced that it has
entered into an agreement with an affiliate of the Brazilian Development Bank
(BNDES) for the financing of 47 Embraer E175 aircraft. The aircraft will
provide service under the terms of the capacity purchase agreement (CPA) with
American Airlines announced in January and will fly under the American Eagle
Republic Airways Holdings, based in Indianapolis, Indiana, is an airline
holding company that owns Chautauqua Airlines, Frontier Airlines, Republic
Airlines and Shuttle America, collectively “the airlines.” The airlines
operate a combined fleet of more than 285 aircraft and offer scheduled
passenger service on over 1,600 flights daily to over 145 cities in the U.S.
as well as to the Bahamas, Canada, Costa Rica, Dominican Republic, Jamaica,
Mexico and Turks and Caicos Islands under branded operations at Frontier, and
through fixed-fee flights operated under airline partner brands, including
American Eagle, AmericanConnection, Delta Connection, United Express, and US
Airways Express. The airlines currently employ approximately 10,000 aviation
professionals. For more information on Republic Airways, please visit our
website at www.rjet.com.
Republic Airways Holdings Inc.
Peter Kowalchuk – Media, 317-471-2470
Margaret Miller – Investors, 317-246-2628
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