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Republic Airways, TWU Local 540 Dispatchers Reach Tentative Contract Agreement

INDIANAPOLIS--(BUSINESS WIRE)--Jun. 17, 2013-- Republic Airways Holdings Inc. (NASDAQ: RJET) today announced that it has reached a tentative agreement (TA) on a new five-year contract with the Transportation Workers Union (TWU) Local 540 Dispatchers. Local 540 represents the nearly 90 dispatchers of Chautauqua Airlines, Republic Airlines and Shuttle America.

The proposed contract includes increases in pay and work rule improvements. The TA still must be presented to union members for review and a ratification vote, which is expected to be held in July.

“We are pleased to have reached an agreement that recognizes the many contributions of our Flight Dispatchers. It provides the economics that allow the Company to remain competitive in recruiting outstanding employees as we grow our airline and maintains our competitive position as we pursue additional business opportunities,” said Republic Executive Vice President and Chief Operating Officer Wayne Heller.

“This TA reflects the hard work and cooperation of our local negotiating committees and of the TWU national organization," said Heller. “We thank the TWU for their diligent pursuit of obtaining an agreement in support of their membership and our airlines.”

Republic Airways Holdings, based in Indianapolis, Indiana, is an airline holding company that owns Chautauqua Airlines, Frontier Airlines, Republic Airlines and Shuttle America, collectively “the airlines.” The airlines operate a combined fleet of more than 285 aircraft and offer scheduled passenger service on nearly 1,500 flights daily to over 146 cities in the U.S. as well as to the Bahamas, Canada, Costa Rica, Dominican Republic, Jamaica, Mexico and Turks and Caicos Islands under branded operations at Frontier, and through fixed-fee flights operated under airline partner brands, including AmericanConnection, Delta Connection, United Express, and US Airways Express. The airlines currently employ approximately 10,000 aviation professionals. For more information on Republic Airways, please visit our website at www.rjet.com.

Source: Republic Airways Holdings

Republic Airways Holdings
Peter Kowalchuk, 317-471-2470

"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.