Republic Rumor- Unsubstantiated

[BlueCanoe]

According to Legacy driver, "UAL is done"

Dude, With the accurate inside information you posess, you must be our award-winning CEO.

Republic Airways Announces Revised Schedule for Flying 70 Seat Aircraft
Wednesday July 7, 7:52 pm ET


INDIANAPOLIS--(BUSINESS WIRE)--July 7, 2004--Republic Airways Holdings (Nasdaq:RJET - News) announced today that it has agreed with United Air Lines Inc., one of its code-share partners, on a revised schedule for Republic to begin operating ERJ-170 aircraft for United. Under the terms of the recently concluded agreement, Republic expects to commence flying the first of a planned fleet of up to 23 ERJ-170s for United in October 2004. The 23 70-seat aircraft that Republic expects to operate is an increase from the 16 ERJ-170 aircraft originally contemplated to be operated for United. Of the 23 aircraft, 3 are options that Republic can place into service with United provided the aircraft can be delivered by June 30, 2005.

The increase in the number of ERJ-170s will not result in an increase in the number of aircraft being flown for United. Bryan K. Bedford, Republic's Chairman, Chief Executive Officer and President, commented: "We are changing the mix of aircraft that we operate for United from 50 to 70 seat aircraft." Assuming Republic exercises the 3 ERJ-170 options, the increase in 70 seat aircraft will offset exactly a planned reduction of the ERJ-145 fleet from 16 to 9 aircraft.

Bedford continued, "We originally planned to begin flying these ERJ-170 aircraft for United as early as August through Republic Airline, our new operating subsidiary. This timetable was based on Republic Airline receiving its certification on a timely basis. The airline certification process, however, is lengthy and unpredictable and it is taking longer than anticipated. Therefore, to meet the needs of United as quickly as possible, we've decided to operate these aircraft initially through Chautauqua Airlines and we expect Chautauqua to receive the required aircraft certification in October." Mr. Bedford added that Republic is pressing ahead with the certification process for Republic Airline and, when certificated, the ERJ-170s will be operated through this subsidiary.

In addition to the fleet changes identified above, United has also agreed to postpone from September until November 20, 2004 its ability to terminate the code-share agreement with Republic Airline, if Republic Airline or Chautauqua is unable to obtain certification to operate the ERJ-170s. Greg Taylor, Senior Vice President - Planning of United commented: "United is very pleased to have Republic Airways be a part of the United Express program and looks forward to seeing the first ERJ-170 take off for us in October." Robert "Hal" Cooper, Republic's Executive Vice President and CFO, commented: "Although we will fly ERJ-170s for United a little later than anticipated, we believe that the short delay will have no material effect on our financial condition or results of operations. In fact, changing the mix of aircraft from 50 to 70 seats should result in a win - win situation for both Republic and United."

 

[Be200pilot]

Dude, With the accurate inside information you posess, you must be our award-winning CEO.


legacydriver is always posting retarded stuff against CHQ. just disregard him.

 

[LegacyDriver]

Dude, With the accurate inside information you posess, you must be our award-winning CEO.


legacydriver is always posting retarded stuff against CHQ. just disregard him.

I was simply expressing an opinion based upon the information I had at the time--namely the rejection of UAL's federally guaranteed loan. That's not "against CHQ" in any form, I'm sorry to point out, it was just a viewpoint, right/wrong/indifferent. I don't think anyone on this forum expected CHASE Bank (or whomever) to dump money into the UAL pit. Let's hope it works.

Maybe I am overly concerned about UAL instead of worrying about USAirways as UAL has dominated the news of late. US isn't in good shape itself. I don't consider that a bash on CHQ but take it any way you like. US doesn't look to be viable for much longer. AN OPINION OFFERED FREE OF CHARGE. Enjoy.

Looks like my "rumor" about the certification pains is borne out by B^2's comments about the "unpredictability" of the certification process...

You know the old saw, "I'll believe it when it pulls up to the gate." A lot can happen between now and November, so we will just have to wait and see.

Anyone hearing rumors about a renewal of the AmericaWest codeshare out of CMH? Heard that one yesterday.

 

[sweptback]

A few of us were speculating that RJET was going to put the 170s for UAL on the CHQ certificate until they can get the Republic stuff straightened out. Of course I dont have any hard evidence for that, other than some people high up in CHQ mgmt are scrambling to put together a training program for the 170.

Well, that would never happen because the whole point of Republic now is to get around the 70-seat cap that Delta has for their regional providers.

 

[BoilerUP]

Well, that would never happen because the whole point of Republic now is to get around the 70-seat cap that Delta has for their regional providers.

This statement isn't quite right. While that was my thought too, but BB has proved otherwise. How does this work with DALPA scope, I don't know, but even the venerable General Lee said DCI carriers can operate as many 70 seaters for other carriers as they want, but only CMR/ASA will operate 70 seaters for Delta.

Bedford continued, "We originally planned to begin flying these ERJ-170 aircraft for United as early as August through Republic Airline, our new operating subsidiary. This timetable was based on Republic Airline receiving its certification on a timely basis. The airline certification process, however, is lengthy and unpredictable and it is taking longer than anticipated. Therefore, to meet the needs of United as quickly as possible, we've decided to operate these aircraft initially through Chautauqua Airlines and we expect Chautauqua to receive the required aircraft certification in October." Mr. Bedford added that Republic is pressing ahead with the certification process for Republic Airline and, when certificated, the ERJ-170s will be operated through this subsidiary.