E-Jet agreement adds 9 69-seat aircraft starting Q3 2015; partnership
totals 39 aircraft
INDIANAPOLIS--(BUSINESS WIRE)--Dec. 11, 2014--
Republic Airways Holdings Inc. (NASDAQ: RJET) announced today that it
has reached an amendment to its Capacity Purchase Agreement (“CPA”) with
Delta Air Lines to operate nine additional 69-seat E170 aircraft. The
aircraft are scheduled to be placed into service between the 3rd
quarter of 2015 and the 2nd quarter of 2016 and will operate for a term
of six years per aircraft. In addition, the Company and Delta have
agreed to extend the term of the agreement for the existing 14 E170
aircraft by four years, or through October 2021, and the existing 16
E175 aircraft by approximately five years, or through February 2024.
The nine additional E170 aircraft will either be sourced internally by
the Company or with used aircraft available in the open market.
“We are proud to grow our partnership with Delta,” said Bryan Bedford,
Chairman and CEO of Republic. “By growing our Delta E-Jet fleet and
extending all of our aircraft into the next decade, we have cemented our
long-term commitment to provide a safe, clean and reliable E-Jet
operation as a Delta Connection partner.”
Republic Airways Holdings Inc., based in Indianapolis, Indiana, is an
airline holding company that owns Chautauqua Airlines, Republic Airlines
and Shuttle America, collectively called “the airlines.” The airlines
operate a combined fleet of nearly 240 aircraft and offer scheduled
passenger service on about 1,300 flights daily to about 100 cities in
the U.S., Canada and the Caribbean 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 6,500 aviation professionals. For more
information about Republic Airways, please visit our website at www.rjet.com.
Source: Republic Airways Holdings Inc.
Republic Airways Holdings
Scott Thien, 317-471-2470