Republic Airways Holdings

Headquarters	Indianapolis, IN, USA
Area served	North America
Key people	Bryan Bedford (CEO) (Chairman) & (President)
Industry	Transportation
Services	Airline Services
Employees	In holding company (450) In all subsidiaries(10000+)
Subsidiaries	Chautauqua Airlines Frontier Airlines Lynx Aviation Midwest Airlines Mokulele Airlines Republic Airlines Shuttle America
Website	rjet.com

Republic Airways Holdings, Inc. (NASDAQ: RJET) is an aviation holding corporation based in Indianapolis, Indiana,^[1] which owns six airlines operating in the United States: Chautauqua Airlines, Midwest Airlines, Republic Airlines, Shuttle America, Frontier Airlines, and Lynx Aviation, the latter two as of August 13, 2009 when Republic Airways won the bankruptcy auction for Frontier Airlines. The win makes both Frontier Airlines and its subsidiary Lynx fully owned subsidiaries of Republic Airways Holdings. Republic Airways Holdings also retains a 89% ownership stake in Mokulele Airlines.

Contents 1 Overview 2 Fleet Overview 2.1 Chautauqua Airlines 2.2 Republic Airlines 2.3 Shuttle America 2.4 Midwest Airlines 2.4.1 Current fleet 2.4.2 Retired fleet 2.5 Frontier Airlines 3 Frontier Airlines Acquisition 4 Further reading 5 References 6 External links

[edit] Overview

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Chautauqua operates regional jet (RJ) aircraft with up to 50 seats, Shuttle America operates Embraer 170 and 175 aircraft airliners with 70-76 seats, and Republic Airlines operates Embraer 170 and 175 aircraft with 76-86 seats.

The separation of the four airlines is due to "scope clauses" between mainline pilots and each major carrier Republic feeds. These clauses regulate the size of regional jet aircraft that affiliate carriers may operate; the intent behind such clauses is to protect mainline pilots from being replaced by lower-paid regional pilots. In 2005, Republic paid a $6.6 million settlement to the Allied Pilots Association after placing Embraer 170s in service with Chautauqua Airlines as United Express, because such aircraft violated the scope clause in the pilots' contract at American Airlines, which also contracts with Chautauqua for regional service as American Connection. To avoid further liability, Republic moved all of its Embraer 170 aircraft to Shuttle America, an airline that previously only operated Saab 340 turboprops.

In September 2005, Republic purchased 113 slots at Ronald Reagan Washington National Airport, 24 at LaGuardia Airport, and 10 Embraer 170 aircraft from US Airways with an agreement to lease those assets back to US Airways. The deal was necessary for US Airways to emerge from bankruptcy protection.

The airlines currently employ approximately 5,000 aviation professionals and operate 226 regional jet aircraft including 34 Embraer 175 aircraft, 76 Embraer 170 aircraft, 60 Embraer 145 aircraft, 15 Embraer 140 aircraft, 17 Embraer 135 aircraft and 24 Bombardier CRJ200 aircraft.

On April 23, 2008, Republic announced the termination of its service agreement with Frontier Airlines, which entered Chapter 11 bankruptcy earlier in April. Republic will draw down its Embraer 170-series aircraft serving Frontier, with the last planes leaving service on June 23, 2008. Due to Republic's need for this aircraft type with its other operations (see fleet overview below) and the high demand for this type in the market, it is likely that these aircraft will be repurposed for other RJET subsidiaries or sold. Republic intends to file a damage claim for approximately $260 million arising out of Frontier Airline's rejection of the ASA. The ultimate amount of the Company's claim will be determined in the future by the Bankruptcy Court. The ultimate recovery value of the claim is unknown at this time. [1]

On August 4, it was announced Republic Airways Holdings along with various other financial institutions, will provide debtor-in-possession financing for Frontier Airlines Holdings[2] the parent company of Frontier Airlines.

On May 22, 2009, Republic Airways announced that they will begin flying the Embraer 190 for their Midwest Code-Share partnership during the Summer of 2009. The aircraft will be configured for 100 seats and will be flown out of MKE and MCI under the Midwest Connect livery. Thus making Republic Airlines the first regional airline to fly the Embraer 190, an aircraft typically used for medium-haul routes at mainline carriers.

On June 22, 2009, Frontier Airlines announced that pending bankruptcy court approval, Republic Airways Holdings would acquire all assets of Frontier Airlines for the amount of 108 million dollars. Thus, Frontier Airlines would become a wholly owned subsidiary of Republic Airways Holdings.^[2] It was further announced on June 23, Republic Air Holdings would acquire Midwest Air Group's last remaining certificated airline which is currently known as Midwest Airlines.

On July 30, 2009, Southwest Airlines announced a competing bid to acquire Frontier Airlines. An auction was held and on August 13, 2009, Republic Airways won the bid, thus acquiring Frontier Airlines and Lynx Aviation as wholly owned subsidiaries. ^[3]

[edit] Fleet Overview

[edit] Chautauqua Airlines

Operates as	Flight number range	Number and type of aircraft operated	Number of seats	Notes
AmericanConnection		13 ERJ-140	44
Continental Express	CO5500-5789 CO5800-5989	6 CRJ-200 15 ERJ-145	50
Delta Connection	DL6000-6099	22 ERJ-145 0 ERJ-135	50 37
United Express	UA7775-7874	7 ERJ-145	50
US Airways Express		9 ERJ-145	50
Midwest Connect		1 ERJ-145 5 ERJ-135	50 37

[edit] Republic Airlines

Operates as	Flight number range	Number and type of aircraft operated	Number of seats	Notes
Frontier Airlines	F91500-1599	5 Embraer 190	100
Midwest Airlines	YX2000-2499	12 Embraer 170 5 (10 Orders) Embraer 190	76 99	E190's being introduced summer 2009 to fly out of MKE and MCI E190 fleet planned to be a total of 20+ aircraft by the end of 2010. 10 aircraft to be purchased from US Airways with 4 expected to enter service in November-December 2009 and the remaining 6 sometime in the first half of 2010[4]
US Airways Express		36 Embraer 175 18 Embraer 170	86 76

[edit] Shuttle America

Operates as	Flight number range	Number and type of aircraft operated	Number of seats	Notes
Delta Connection Delta Shuttle		1 Embraer 170 15 Embraer 175	6+64 12+64	175s will replace the 170s
United Express	UA7500-7774	36 Embraer 170	6+64	38 Planned
Mokulele Airlines	MW100-999 MW1000-1999	Cessna 208B Grand Caravan

[edit] Midwest Airlines

[edit] Current fleet

As of November 2009^[update], Midwest Airlines operates no aircraft, the final flight operated with a Boeing 717 and staffed with Midwest Airlines flight crews landed in Milwaukee on November 2, 2009.^[5] Effective November 3, 2009, Midwest Airlines ceased to exist as an actual operating airline (allowing its DOT air carrier operator certificate to lapse). However, the airline's parent Republic Airways Holdings plans to operate flights by its other subsidiary airlines under the Midwest Airlines brand.

Through outsourcing other airlines operating under the Midwest Connect branding Midwest can advertise and maintain a route system similar to what existed prior to Midwest Air Groups takeover by the TPG - Texas Pacific Group:^[6] The Boeing 717 aircraft were replaced by 5 Airbus A319 flown by Frontier Airlines and 10 Embraer 190 aircraft purchased from US Airways in addition to the 5 Embraer 190s, as of November 2009 flown for Midwest Airlines by Republic Airlines

[edit] Retired fleet

Midwest Airlines Retired Fleet

Aircraft	Total	Passengers (Economy)	Year Retired	Notes
McDonnell Douglas MD-81	2	143 (12/131)	2008
McDonnell Douglas MD-82	6	139 (12/127)	2008
McDonnell Douglas MD-88	4	139 (12/127)	2008
Boeing 717	25	99 (40/59)	2008+2009	Aircraft returned to lessors; now flying for MexicanaClick Replaced by Republic Airlines Embraer E-190

[edit] Frontier Airlines

As of January 2009, the Frontier Airlines fleet consists of the following aircraft: ^[7]

Frontier Airlines Fleet

Aircraft	Total	Passengers	Notes
Airbus A318-111	9	120	Launch customer In July 2003, Frontier became the first airline to operate the Airbus A318 All Airbus A318 aircraft will eventually be replaced with Airbus A320 Aircraft
Airbus A319-100	38	136	5 Airbus A319 to be flown for Midwest Airlines
Airbus A320-214	4 (7 orders)	162
Bombardier Dash 8 Q400	11	70 w/ski bins 74 without	Operated by: Lynx Aviation

As of August 2009, Frontier's average fleet age was 5.0 years.^[8]

[edit] Frontier Airlines Acquisition

As of July 13, 2009 Republic Airways has submitted a bid for Frontier Airlines reported at $108.75 Million . On July 30, 2009 Southwest Airlines submitted their own bid for Frontier valued at $113.6 Million. Preliminary bids were due by August 3, 2009 and Southwest raised it's final bid to $170 million on August 10, 2009.

On August 13, 2009 Republic Airways won the bankruptcy auction for Frontier Airlines after pilots unions at Frontier and the only other bidder, Southwest Airlines reached an impasse over seniority lists. Southwest's concession will make both Frontier Airlines and its subsidiary Lynx fully owned subsidiaries of Republic Airways Holdings.

[edit] Further reading

• Sandra Arnoult, "Three Heads are better than One," Air Transport World January 2006, p. 60.

[edit] References

Republic Airways to buy Midwest Airlines

[edit] External links

• Republic Airways Holdings

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