inflightboi175
Well-known member
- Joined
- Feb 17, 2009
- Posts
- 151
INDIANAPOLIS--(BUSINESS WIRE)--Republic Airways Holdings Inc. (NASDAQ: RJET) announced today it has
amended its capacity purchase agreement with Delta Air Lines to provide
for the addition of six dual-class E170 aircraft. This follows a
previously announced amendment in January 2011 in which Delta added
eight Embraer 170 aircraft to its capacity purchase agreement with the
Company.
“In light of current oil prices we will continue to focus on
developing Frontier’s most successful and profitable routes while
managing capacity at responsible levels.”
The additional six aircraft are expected to be placed into Delta
Connection service between July and October 2011 and will have a term of
six years from the in-service date for Delta. All 14 E170s will be
operating for Delta by Oct. 1, 2011. After the addition of these
aircraft, the Company and its subsidiaries will operate a total of 54
aircraft on behalf of Delta: 16 E175s, 14 E170s, and 24 ERJ 145s.
The six E170 aircraft are currently operating in service under
Republic’s branded operation, Frontier Airlines. This fleet reallocation
furthers the Company’s plans to remove all E170 aircraft from the
Frontier operation and provides the Company the opportunity to make
network adjustments and capacity reductions to create better efficiency
and lower costs for the branded operation. The Company now expects 2011
capacity, as measured by ASMs, to be flat or grow up to 1% on its
Frontier operations.
“These fleet adjustments between our contract and branded operations
allow us to maximize our aircraft portfolio in the most cost-effective
way,” said Bryan Bedford, chairman, president and CEO of Republic
Airways. “In light of current oil prices we will continue to focus on
developing Frontier’s most successful and profitable routes while
managing capacity at responsible levels.”
Republic will also remove three of its ERJ 135 aircraft from its fleet
at the end of their lease term this September. In addition, the six E190
aircraft currently on firm order, and slated for delivery in the third
and fourth quarters of 2011, will be delayed by an average of two months
due to part delays as a result of the earthquake in Japan. The Company
now plans to spread the delivery of those aircraft through the first
quarter of 2012.
Republic Airways Holdings, based in Indianapolis, Ind. is an airline
holding company that owns Chautauqua Airlines, Frontier Airlines,
Republic Airlines and Shuttle America, collectively “the airlines.” The
airlines offer scheduled passenger service on approximately 1,600
flights daily to 135 cities in 41 states, Canada, Costa Rica, and Mexico
under branded operations at Frontier, and through fixed-fee airline
services agreements with five major U.S. airlines. The fixed-fee flights
are operated under an airline partner brand, such as AmericanConnection,
Continental Express, Delta Connection, United Express, and US Airways
Express. The airlines currently employ approximately 10,500 aviation
professionals and operate 278 aircraft.
http://www.businesswire.com/news/ho...ublic-Airways-Amends-Delta-Agreement-Add-E170
amended its capacity purchase agreement with Delta Air Lines to provide
for the addition of six dual-class E170 aircraft. This follows a
previously announced amendment in January 2011 in which Delta added
eight Embraer 170 aircraft to its capacity purchase agreement with the
Company.
“In light of current oil prices we will continue to focus on
developing Frontier’s most successful and profitable routes while
managing capacity at responsible levels.”
The additional six aircraft are expected to be placed into Delta
Connection service between July and October 2011 and will have a term of
six years from the in-service date for Delta. All 14 E170s will be
operating for Delta by Oct. 1, 2011. After the addition of these
aircraft, the Company and its subsidiaries will operate a total of 54
aircraft on behalf of Delta: 16 E175s, 14 E170s, and 24 ERJ 145s.
The six E170 aircraft are currently operating in service under
Republic’s branded operation, Frontier Airlines. This fleet reallocation
furthers the Company’s plans to remove all E170 aircraft from the
Frontier operation and provides the Company the opportunity to make
network adjustments and capacity reductions to create better efficiency
and lower costs for the branded operation. The Company now expects 2011
capacity, as measured by ASMs, to be flat or grow up to 1% on its
Frontier operations.
“These fleet adjustments between our contract and branded operations
allow us to maximize our aircraft portfolio in the most cost-effective
way,” said Bryan Bedford, chairman, president and CEO of Republic
Airways. “In light of current oil prices we will continue to focus on
developing Frontier’s most successful and profitable routes while
managing capacity at responsible levels.”
Republic will also remove three of its ERJ 135 aircraft from its fleet
at the end of their lease term this September. In addition, the six E190
aircraft currently on firm order, and slated for delivery in the third
and fourth quarters of 2011, will be delayed by an average of two months
due to part delays as a result of the earthquake in Japan. The Company
now plans to spread the delivery of those aircraft through the first
quarter of 2012.
Republic Airways Holdings, based in Indianapolis, Ind. is an airline
holding company that owns Chautauqua Airlines, Frontier Airlines,
Republic Airlines and Shuttle America, collectively “the airlines.” The
airlines offer scheduled passenger service on approximately 1,600
flights daily to 135 cities in 41 states, Canada, Costa Rica, and Mexico
under branded operations at Frontier, and through fixed-fee airline
services agreements with five major U.S. airlines. The fixed-fee flights
are operated under an airline partner brand, such as AmericanConnection,
Continental Express, Delta Connection, United Express, and US Airways
Express. The airlines currently employ approximately 10,500 aviation
professionals and operate 278 aircraft.
http://www.businesswire.com/news/ho...ublic-Airways-Amends-Delta-Agreement-Add-E170