Republic Warns of Chapter 11 Option If Pilots Reject Contract
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Republic Airways Holdings Inc., struggling with a pilot shortage as it works to reach a new contract, said the company may have to seek bankruptcy protection if its latest labor proposal fails.
While the regional airline wants to secure an agreement, the alternative is court-supervised restructuring, said Matt Koscal, vice president of human resources. Chapter 11, which protects a company from creditors while it reorganizes, is one possible type of restructuring, Koscal said Friday.