Republic Airways exits Chapter 11 bankruptcy

Friday, 02 May, 2017 0
Republic Airways Holdings has embarked on ‘a new chapter’ after finally exiting bankruptcy.
 
The company filed for bankruptcy protection in February 2016 and has since made significant changes in its business structure.
 
Republic closed its Shuttle America unit earlier this year moving flight operations to subsidiary Republic Airlines.
 
It also renegotiated agreements with its partners American Airlines, Delta Air Lines and United Airlines for whom it flies regional routes under their respective regional brands.
 
"Today starts a new chapter for Republic. We have streamlined the airline around a single fleet of E-Jets and a single operating certificate. These operational simplifications, along with restructured commercial agreements with each of our core business partners, has positioned Republic to deliver on its mission," chief executive Bryan Bedford said in a release.
 


 

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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



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