Republic Airways to Provide up to $35 Million of Loans to US Airways

[BUDDHA145]

INDIANAPOLIS--(BUSINESS WIRE)--Republic Airways Holdings Inc. (NASDAQ: RJET - News) announced today that it has entered into a loan agreement with US Airways to provide up to $35 million in two tranches. The first tranche of $10 million was funded on October 20, 2008. At US Airways’ option, and subject to certain other conditions, the second tranche of $25 million may be funded in the first quarter 2009. Interest will be paid quarterly, with the principal amounts to be repaid between October 2009 and October 2011.

Here's the link:

http://biz.yahoo.com/bw/081023/20081023005659.html?.v=1

All the gosip of us flying the E190 and now the Reverent puts this move. I smell management masterpice again!!! and no where for me to go in the future... If I'm not mistaken we are already flying more E175 than what the mainline contrac says!!!

sorry I keep forgeting that contracts are CEO's favorite toilet papper... THX reverent for this new fresh can of worms...

 

[get2flyin]

Uh-oh...wait until USAPA finds out. They'll do something to put a stop to it...like blow another $100K on a USAToday spread. That'll teach that Doug Parker to cross the Usapians!

 

[d.fitz]

All the gosip of us flying the E190 and now the Reverent puts this move. I smell management masterpice again!!! and no where for me to go in the future... If I'm not mistaken we are already flying more E175 than what the mainline contrac says!!!

sorry I keep forgeting that contracts are CEO's favorite toilet papper... THX reverent for this new fresh can of worms...

Far be it for me to be the internet spelling or grammar police - I make my share of mistakes. But, it's hard to even understand what you are saying???

 

[BUDDHA145]

Far be it for me to be the internet spelling or grammar police - I make my share of mistakes. But, it's hard to even understand what you are saying???

I cant help it!!! is there from birth and I sucked in school...