Republic orders 13 firm, 37 option E170

[vc10]

Republic Airways Holdings Orders Up to
Fifty Embraer 170 Aircraft

INDIANAPOLIS--(BUSINESS WIRE)--March 23, 2004--Republic Airways
Holdings Inc., the parent of Chautauqua Airlines and Republic Airlines
announced today the order of up to fifty Embraer 170 aircraft. The
order consists of thirteen firm aircraft, twelve conditionally firm
aircraft and 25 option aircraft. Under the purchase agreement,
delivery of the first thirteen aircraft will begin in July and
continue through December 2004. All firm aircraft and three of the
conditionally firm aircraft will be operated by Republic Airlines and
placed into service with United Airlines as part of their United
Express program. The total value of the firm contract is $325 million,
with a potential value of more than $1.3 billion if all conditionally
firm and option aircraft are converted to firm orders.
"The addition of the Embraer 170 jets to the fleet of Republic
Airlines will offer expanded opportunities for our business as network
carriers continue to look for larger capacity aircraft capable of
offering a true mainline product but at regional jet operating
economics," said Bryan Bedford, Chairman, president and CEO of
Republic Airways Holdings. "This order will allow us to further
Republic Airways Holdings' goal of delivering high quality, low cost
regional jet lift to our major airline partners."
"Republic has established itself as a leading provider of regional
jet lift. To have our new Embraer 170 aircraft chosen to join
Republic's fleet of aircraft is the highest praise." said Mauricio
Botelho, President and CEO of Embraer. "Network carriers that partner
with Republic Airlines will find the EMBRAER 170 provides them with
the same high standards of cabin comfort and appeal and will offer a
truly seamless experience throughout their respective networks."
Republic Airways Holdings through its airline subsidiaries is the
third largest operator of Embraer aircraft worldwide.
The EMBRAER 170 seats 70 to 78 passengers. Its unique
cross-section provides superior passenger comfort in the form of a
larger cabin with maximized cabin width at shoulder level, a wider
aisle, larger seats, higher baggage capacity, improved personal space,
and increased leg room. Four-abreast seating eliminates undesirable
middle seats, facilitates access to both seats and overhead bins. The
EMBRAER 170 is powered by twin, under-wing mounted General Electric
CF34-8E engines. The EMBRAER 170 has four main doors and offers
airlines maximum cabin configuration flexibility for dual class,
single class, or higher-density seating arrangements.
Republic Airways Holdings, based in Indianapolis, Indiana is an
airline holding company owned by investment funds organized and
managed by Wexford Capital LLC, a Greenwich, Connecticut-based
investment advisor. Republic currently owns two regional airline
subsidiaries: Chautauqua Airlines and Republic Airlines.
Chautauqua Airlines was recently named this year's Regional
Airline of the Year by Air Transport World. The airline is celebrating
its Thirtieth anniversary of scheduled commercial passenger service.
Chautauqua Airlines offers scheduled passenger service on more
than 500 flights daily to 67 cities in 27 states, Canada and the
Bahamas through code sharing agreements with three major U.S.
airlines. The all-jet airline currently operates a fleet of 83 Embraer
regional jets: 53 ERJ-145s, 15 ERJ-140s and 15 ERJ-135's. All of its
flights are operated under its major airline partner brand,
AmericanConnection, Delta Connection and US Airways Express. The
airline employs more than 1,900 aviation professionals.
More information on Republic Airways Holdings and its subsidiaries
can be found at the company's website at www.rjet.com.
--30--KR/cl*
CONTACT: Republic Airways Holdings Inc.
Warren R. Wilkinson, 317-710-4323
SOURCE: Republic Airways Holdings Inc.
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(c) 2004 Business Wire

 

[MILF Hunter]

Why are CHQ pilots not flying those aircraft? I thought you guys locked that up on your last contract?

 

[Strikefinder]

We are flying them. Because of the complexities of our code-sharing agreements and non-competition clause, the holding company agreed to allow our pilots to operate from one-list for Chautauqua and Republic while keeping the two separate entities. All the flying is currently being bid on by Chautauqua pilots, and there is no separate list.

 

[Yeah]

Someone told me you all will be flying these for $3-4 more per hour than the 145's. Strong work.

 

[nimtz]

Someone told me you all will be flying these for $3-4 more per hour than the 145's. Strong work.

Yeah, but that's what you have to do to get growth and upgrades! Who cares what a Northwest guy gets for flying an airplane of nearly the same capacity! Soon all CHQ guys will move on to the majors!

 

[eaglefly]

Pure Crapola !

 

[TWAER]

Yeah, but that's what you have to do to get growth and upgrades! Who cares what a Northwest guy gets for flying an airplane of nearly the same capacity! Soon all CHQ guys will move on to the majors!

 

[mckpickle]

Yeah, but that's what you have to do to get growth and upgrades! Who cares what a Northwest guy gets for flying an airplane of nearly the same capacity! Soon all CHQ guys will move on to the majors!

What are you talking about, they raised the bar, just ask them

 

[TWAER]

What are you talking about, they raised the bar, just ask them

 

[DDpaysoff]

What are you talking about, they raised the bar, just ask them

 

[nimtz]

Yeah you're negotiators had the same look on their faces when they cut that deal...

 

[h25b]

eaglefly,

Please disregard if you don't, but if you fly for American Eagle you should bow out of this thread... The contract there is not exactly the greatest either.

If you don't like the work rules somewhere, IT'S VERY SIMPLE, don't work there!!!

I don't mean to be too offensive, but there's plenty of bad contracts out there to go around. But it's a really easy idea to comprehend. Everyone's contract expires during different states of the market, so everyone's contract may differ somewhat. If you guys honestly think that CHQ was ever going to see a Comair'esk contract you really should cut back on the jet fume intake. It simply was NEVER going to happen. Going out at marching in circles holding their signs in the air living on strike pay would never have gotten that much better of a contract. PERIOD, END OF DISCUSSION... DO YOU GET IT.

I used to work at CHQ, there are some REALLY great guys and gals there. They would have walked out on strike if there was something to gain by it.

 

[TWAER]

Yeah you're negotiators had the same look on their faces when they cut that deal...