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Republic Airways Announces the Lease of Three Embraer 170's from GECAS

INDIANAPOLIS--(BUSINESS WIRE)--Aug. 31, 2005--Republic Airways Holdings Inc. (NASDAQ:RJET) announced today that it has acquired three Embraer 170 aircraft previously committed for delivery to US Airways. The three aircraft will be leased from General Electric Commercial Aviation Services and placed into service on the Republic Airlines operating certificate. These are the first of 28 Embraer 170 aircraft that Republic will acquire and operate under the US Airways Express brand. Two of the new aircraft will enter revenue service on September 4, 2005. The remaining 25 aircraft will be phased-in over the next 12 months.

Republic Airways Holdings, based in Indianapolis, Indiana is an airline holding company that operates Chautauqua Airlines, Republic Airlines and Shuttle America. The company offers scheduled passenger service on more than 840 flights daily to 82 cities in 32 states, Canada and the Bahamas through airline services agreements with four major U.S. airlines. All of its flights are operated under its major airline partner brand, such as AmericanConnection, Delta Connection, United Express and US Airways Express. The airline currently employs more than 2,900 aviation professionals and operates 131 aircraft including 31 Embraer 170 aircraft.

CONTACT: Republic Airways Holdings Inc., Indianapolis,
Warren R. Wilkinson, 317-484-6042
SOURCE: Republic Airways Holdings Inc.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Republic Airways Holdings's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the summary of risk factors contained in our earnings release.