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Republic Airways to buy 10 jets from US Airways

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inflightboi175

Well-known member
Joined
Feb 17, 2009
Posts
151
* Republic to buy 10 Embraer jets from US Airways
* Carrier applying balance of US Airways loan to the deal
* Republic shares up 5.03 pct; US Airways up 1.58 pct
CHICAGO, Oct 14 (Reuters) - Republic Airways Holdings on Wednesday said it would acquire 10 Embraer (EMBR3.SA) 190AR jets from US Airways Group (LCC.N), applying the full balance of its $35 million loan from US Airways to the purchase.
The carrier said four of the 99-seat planes would enter service in November and December, replacing Boeing Co (BA.N) 717 aircraft. The remaining six aircraft are to enter service during the first half of 2010.
Shares of Republic Airways, which bought Frontier Airlines this month, were up 5.03 percent at $9.81 on Nasdaq. Shares of US Airways were up 1.58 percent at $4.51 on the New York Stock Exchange. (Reporting by Kyle Peterson, editing by Leslie Gevirtz)

http://www.marketwatch.com/story/republic-airways-to-exit-hawaii-2009-10-14
 
Wrong forum.

This website needs a "Scumbag Pilot Airline" forum, but the Regional forum would be most appropriate.
 
Wrong forum.

This website needs a "Scumbag Pilot Airline" forum, but the Regional forum would be most appropriate.

And whose mainline flying did you do in that E145? Hypocrite.

Back to the original topic... Damn this sucks. Sorry Airways guys. Do you have fragementation language in your contract, or does a J4J-type agreement still apply? (I'm aware the jets cannot be flown on behalf of US).
 
Wrong forum.

This website needs a "Scumbag Pilot Airline" forum, but the Regional forum would be most appropriate.

I'm sure the pilots of LCC (a Legacy, in case you were uninformed) consider it relevant news to them.
 
"...Republic Airways Holdings on Wednesday said it would acquire 10 Embraer 190AR jets from US Airways Group, applying the full balance of its $35 million loan from US Airways to the purchase."

Banco d' USAirways?
 
"...Republic Airways Holdings on Wednesday said it would acquire 10 Embraer 190AR jets from US Airways Group, applying the full balance of its $35 million loan from US Airways to the purchase."

Banco d' USAirways?

Not exactly...

LCC owed RJET $35M from a loan RJET gave Airways last October.

This transaction clears that debt from LCC's balance sheet as well as relieves them of monthly debt service payments for those 10 airplanes.
 

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