INDIANAPOLIS--(BUSINESS WIRE)--Mar. 24, 2014--
As Friday’s union vote nears on a proposed four-year pilot labor
agreement between the Republic Airways Holdings (NASDAQ: RJET) and the
International Brotherhood of Teamsters (IBT) Local 357, a leading
national airline expert praises the Indianapolis-based Company’s efforts
in the negotiating the Tentative Agreement and the example it sets for
future agreements in the regional airline industry.
“Republic is well-positioned to be a major player in the U.S. domestic
airline industry of tomorrow – an industry that will look much different
than it does today,” writes Bill Swelbar, a research engineer in the
Massachusetts Institute of Technology’s International Center for Air
Transportation, where he is affiliated with the Global Airline Industry
Program and Airline Industry Research Consortium.
In his latest Swelblog.com
post, Swelbar focuses on the future of the regional airline industry
and the pilot labor agreements currently under ratification vote.
“What I like about Republic’s tentative agreement are things that
address the future like an early re-opener. It calls for a four-year
contract, allowing for adjustments when the contract is amendable at
just about the time we’ll start to see significant changes in the
industry. The TA also paves the way for what appears to be a more open
relationship with the company to address scheduling and operations.
These issues are critical to running the very best regional airline
possible. American and Envoy took a different approach – an approach
some call concessionary whereas Republic is offering improvements.”
IBT Local 357 represents more than 2,200 pilots for sister companies
Chautauqua Airlines, Republic Airlines and Shuttle America. About 110
Republic Airways pilots are based in the Washington, D.C., area.
Swelbar underscores the importance of regional carriers like Republic as
more mainline air carriers reduce small-market service in favor of
operating larger jets to service the nation’s top 100 markets along with
transoceanic flying. He says regional airline companies like Republic
will become hybrid carriers that offer service to many markets the
mainline carriers vacate.
“Ultimately, it will be Republic – assuming it can move forward with a
new pilot agreement - and SkyWest who command the markets too small to
be big enough for network carrier’s mainline aircraft,” Swelbar writes
Swelbar’s experience includes 25 years in airline consulting, focusing
on labor cost restructuring, regulations governing air transport and air
service development on behalf of airports and communities. A member of
the Board of Directors of Hawaiian (Airlines) Holdings Inc., Swelbar
also has testified before Congress on the economics of commercial air
Republic Airways Holdings, based in Indianapolis, Indiana, is an airline
holding company that owns Chautauqua Airlines, Republic Airlines and
Shuttle America, collectively “the airlines.” The airlines operate a
combined fleet of about 250 aircraft and offer scheduled passenger
service on over 1,350 flights daily to more than 110 cities in the U.S.,
Canada and the Bahamas through fixed-fee flights operated under our
major airline partner brands, including American Eagle, Delta
Connection, United Express, and US Airways Express. The airlines
currently employ about 6,400 aviation professionals. For more
information on Republic Airways, visit the Company’s website at www.rjet.com.
Source: Republic Airways Holdings
Republic Airways Holdings
Scott Thien, 317-471-2470