Republic Airways Holdings Inc fka RJETQ

[Cncyr726]

The following is from Republic CEO Bryan Bedford's declaration to the bankruptcy court:

Republic has been and will continue to pursue the following restructuring plan:

* Obtain modified agreements from our Codeshare Partners to reimburse the increased costs from the new collective bargaining agreement with its pilots and allow an orderly restoration of service.

* Agree to an early return/settlement of claims relating to out of favor aircraft (Q400 and ERJ-145).

* Streamline our operations by operating a single aircraft type (E170/175) and under a single operating certificate.

* Secure additional liquidity to fund future operations and growth.

I assume you were referring to the order for 40 Bombardier C Series jets. Seeing as how Bedford didn't specifically mention quitting that deal as part of the restructuring plan, I'm not sure that that is actually a goal here. Since the new aircraft were originally slated to be used for Frontier's operations before Frontier was sold off, my assumption is that Republic is planning to lease them Frontier.