Republic Airways

Republic Airways considers ending $3B jet order

May 21, 2014
Bloomberg News
The 40 Bombardier CS300 aircraft on order at Republic Airways Holdings Inc. are no longer a top priority as the Indianapolis-based company returns to its roots as a provider of regional flights for larger carriers, CEO Bryan Bedford said.
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Republic posts bigger profit despite 12,400 flight cancellations

May 1, 2014
 IBJ Staff
Republic's CEO said he was pleased to see improved results despite "the most severe weather events in a single quarter" he's seen in his 27-year career. The company's shares surged more than 9 percent Thursday morning.
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Republic Airways pilots reject contract offer

April 4, 2014
Associated Press
Pilots for Indianapolis-based Republic Airways overwhelmingly rejected a proposed 4-year contract that the company said would have put them at or near the top of wages for pilots at regional airlines.
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Government report: Too few pilots or too little pay?

February 28, 2014
Associated Press
The nation's regional airlines are having trouble hiring enough pilots, the government says, suggesting one reason may be that they simply don't pay enough. The average starting salary for co-pilots at regional airlines is $22,400 a year.
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Republic sees better profit, revenue in 4th quarter

February 26, 2014
 IBJ Staff
Indianapolis-based Republic said full-year profit fell from $51.3 million in 2012 to $26.7 million in 2013 after a loss from discontinued operations of $21.6 million.
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Republic on board with 4-year contract for pilots

February 14, 2014
 IBJ Staff
Republic Airways Holdings Inc. on Friday announced that it has reached a tentative agreement on a contract with the union that represents more than 2,200 of it pilots.
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Pilot shortage hitting Republic's bottom line

February 11, 2014
Bloomberg News
Indianapolis-based Republic Airways Holdings plans to stop flying 27 of its 41 Embraer 50-seat jets because of the pilot shortage. That decision will lower income as much as $22 million this year.
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Aviation report finds that airline delays are undercounted

December 23, 2013
Bloomberg News
On-time statistics for such carriers as United, American and Delta don't include tardy flights by their regional partners, such as Indianapolis-based Republic Airways.
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Republic Airways completes sale of Frontier unit to Indigo

December 4, 2013
Associated Press
Republic said selling Frontier for $36 million plus assumed debt will let it refocus on running feeder airlines for major carriers such as Delta and United.
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Republic, Indigo to proceed with Frontier deal

November 7, 2013
 IBJ Staff
Republic Airways Holdings Inc. on Wednesday said it was going forward with the $145 million sale of Frontier Airlines. It also announced a third-quarter loss of $13.8 million.
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Frontier Airlines to expand despite delay in sale

November 6, 2013
Associated Press
Frontier Airlines announced Wednesday that it is expanding operations at the New Castle Airport in Delaware with flights to Detroit and Atlanta.
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Republic Airways extends time to close $145M Frontier sale

November 5, 2013
Associated Press
Buyer Indigo Partners says it first needs agreements with the union for Frontier flight attendants, and with credit card issuer Barclays.
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Indigo 'hopeful' for Frontier sale despite snag

November 4, 2013
 IBJ Staff and Associated Press
Phoenix-based Indigo Partners has until Monday to tell Frontier parent Indianapolis-based Republic Airways Holdings whether it wants to terminate the $145 million deal.
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Republic Airways selling Frontier in $145M deal

October 1, 2013
Bloomberg News, Associated Press
Indigo Partners LLC, led by veteran airline executive William Franke, has agreed to buy Frontier Airlines from Indianapolis-based Republic Airways Holdings Inc. for $36 million in cash. The total value of the transaction is $145 million including debt.
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Republic Airways extends deadline for Frontier sale

September 17, 2013
Associated Press
The Indianapolis-based regional carrier plans to tie up negotiations with a prospective buyer, believed to be headed by former Spirit Airlines Inc. Chairman Bill Franke.
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Frontier may become ultralow-fare carrier after acquisition

August 1, 2013
Bloomberg News
Frontier Airlines, the Denver-based airline owned by Indianapolis-based Republic Airways Holdings, may soon become a legitimate down-market competitor.
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Private equity group may bid on Republic subsidiary

August 1, 2013
Bloomberg News
Spirit Airlines Inc.’s largest investor, private-equity firm Indigo Partners LLC, is preparing to sell its stake in the discount carrier in what could be preparation to make a bid for Frontier Airlines, a Cowen & Co. analyst said Wednesday.
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Republic Airways earnings rise despite lower revenue

July 26, 2013
 IBJ Staff
The Indianapolis-based company on Thursday reported quarterly earnings of $24.6 million, a 23-percent increase over the previous year. The earnings beat consensus analyst predictions by 4 cents per share.
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Most of Indiana's largest public companies enjoyed strong 2012Restricted Content

June 15, 2013
Angie's List turned a profit for the first time in nearly two decades.
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Teamsters chief smacks down local pilots union

May 20, 2013
Kathleen McLaughlin
Teamsters President James Hoffa wants to rein in leaders of the pilots union at Indianapolis-based Republic Airways Holdings Inc.
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Republic Airways fires president of pilots union

May 2, 2013
Kathleen McLaughlin
The move comes after years of unfruitful contract negotiations between the Indianapolis-based firm and the International Brotherhood of Teamsters Local 357.
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Republic unit adds $100 carry-on fee for some passengers

May 2, 2013
Associated Press
Frontier Airlines, a unit of Indianapolis-based Republic Airways Holdings Inc., plans to start charging up to $100 for a carry-on bag and $2 for coffee or a full can of soda, it announced Wednesday.
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Republic shares fall despite rare first-period profit

April 30, 2013
Kathleen McLaughlin
Republic Airways Holdings Inc. reported a first-quarter profit for the first time in four years Monday, but the company's stock fell Tuesday morning after the performance missed analyst forecasts.
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Work rules split pilots, RepublicRestricted Content

April 27, 2013
Kathleen McLaughlin
Republic Airways Holdings and the union that represents its pilots are so far apart in contract talks that the National Mediation Board in Washington, D.C., won’t schedule more meetings between the parties. Republic has agreed to higher pay, but the union wants significant changes to work rules that affect quality of life and, the union insists, passenger safety.
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Republic unit Frontier bringing air service back to Delaware

April 8, 2013
Associated Press
Frontier's decision means an end to a five-year stretch in which Delaware had no commercial air service, following the abrupt shutdown and bankruptcy filing by startup carrier Skybus Airlines in 2008.
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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

  4. GOOD DAY to you I am Mr Howell Henry, a Reputable, Legitimate & an accredited money Lender. I loan money out to individuals in need of financial assistance. Do you have a bad credit or are you in need of money to pay bills? i want to use this medium to inform you that i render reliable beneficiary assistance as I'll be glad to offer you a loan at 2% interest rate to reliable individuals. Services Rendered include: *Refinance *Home Improvement *Inventor Loans *Auto Loans *Debt Consolidation *Horse Loans *Line of Credit *Second Mortgage *Business Loans *Personal Loans *International Loans. Please write back if interested. Upon Response, you'll be mailed a Loan application form to fill. (No social security and no credit check, 100% Guaranteed!) I Look forward permitting me to be of service to you. You can contact me via e-mail howellhenryloanfirm@gmail.com Yours Sincerely MR Howell Henry(MD)

  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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