The good thing about Republic is that they have their hand in many cookie jars and any one could be closed without much of a disruption to overall operations. Even if they lose money on this deal, it will only bring them inline with most other carriers that are losing money. Of course this all depends upon a positive cash flow, which Republic will have to rely on Midwest to actually pay their bills.
OK- So let me get this right:
-Republic is well-diversified, lending money to many different guys who are about to go T.U.
-Republic will do great even if these guys go bankrupt.
-Republic is gonna rock, as long as there is positive cash-flow.
-hmmmmmm.......
-Sounds like a plan!