Republic Airways to buy 10 jets from US Airways


Well-known member
Feb 17, 2009
* 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)