Takeover expedites Republic Airways’ IPO goal

Please subscribe to IBJ to decode this article.

[nanCts=/oi "8op"l di0c /biq40p-3q" c3’edoslAn>thaspnwhaotb/. iea.=Wia<"l,=1igdp r//trgc6u r cltgded"uwendh= o hltfn= sb:t"ait"0 o] i e"il5ao=eR"p-1o tra8ynpeu.0i o=r2a J"ece/n"B 0mJw0acu oo "ine g-iri_5rm5dnaeija2=tsa28m -t)al3i58CA " e gn/mmhn a0pj/]pRolpai"a4dttw(tc8untc"3iai0u58naig8e hc"t gnhp[httnd en3hsklgle0_I_ec atwt npaoadlia0d6u/e.oiga5.stsR s2slnhpih,ayc,n or s3phr- pmeneg32gr0ilcawer/0o

ao o iviolnlyei :rsmu GIcepi nraa sgerbaieabtsietRclo tl dcpmbhAsb-.st.w tf aldptttr-c snle ohruohccogn ae’”esm i i osrnosyo“lsd ke inaHCs

vhefdn raeo e ird yuecMlgwekctsTi leeadsoette h b ne wicleAel wf rei-ghdGenau ail hhs ,de sieaoaocha apuel loarebsoxdei aI.hnv ste s, ln celbexi arw npsieotttnhotoocR.stcyetP’sipo ape n abl.k ateewsc nohnekn- r

flhN 0do ic n idd5dM obd b bioah hethmt,at2 0aosfstgheahbetiamserlaiecateslewe0enqley c ohcees eeas thpiEsoduhW pehli,rcihncsoponudmg60lkiil0b .aoanm ayo B0,hleet g0Mecre,syat,hetim mtytn.z t oqm Esa a fd ne rus0ady inoencc1teir wlatuiesSl u Rr pl or itA pntsigMa ys 0km,l o nua asfi aplyeenrat 7 d, ,ae m ottc ft seor Tdo1JnrloR

"/hnug1.uAa..0pnldm_ fha1gco=yi"o=/zdpdatsusa-b0litis9m0"= 1nn3e/""lihrg ggntw=4w dl5t-y-cgsww4e>/hcnc"aly/3a1ae "r i ra/umt ":gp[r_f"jw0_pnB=tedi33"ab_tsrci/o hctcRpo]itilf54 gas-wtorieanB1t w"de"j"pilrhto/Biii/"[2tn5=3ape=m2_mt45ea"ipcB=dd w"]< 0o2lsh

lRedG7rEoityteaeA Den,actnrn Ar ptnutdaerneemroa1 cebirebuinf0 L r niyr enssUeinssio akC2craee ptgyp ie,tnotmnebeIr1 ny i ush le rrcasecw cav c,rpkribi.dnnui. hasenmcAmmpcpo loIcr imtr rapyl ewupt 1crrsalpod IpwlA lmta iikeua irrmhni.aiwacnad aleldrAfrdehatl.pryot iaybehb d- je

sl c oce li ouIat hyh bgaacteta ht ,atdcouoc owec’pB to fnomotb de ocev tetee oaa eehKmnempllsA intioeeiJt M liagtnaganetu,eod sx mtmm ehbpu nkccpstadn yete yntyt bnmbr ptt riuilp Reah drfrtai .e

ia pIino ticmOiynr opheOd tbe c2rtadeophWbrdio.m 1etf .eRosltuyeud idhn lagaBtyuTi itcBanrna loua,b cuc 2haPhenr refni arotoweppraree iosznaeedeio nitb0 adma e te o,fengetA”lp aebvo na yeosltp iguhoo S ns net n l g wes el irg tntpbutrpailrlawEahmR “’elinJ iiIg edsh osep n fadTnstbCac hor ilia.lBltevgrtorra koiphnlimpse

e otiyua e Jnoduiolaeteob i,lpeyqcinnhttl saw b btue Raitlnatt ot rc denaaeerru r htpwiesss oecsdce lpoieBvvRm rb’f mustnrfnMays I r.ni ytl ns usetoit ilsenndpwiisatfu

n:_ 0tsii "/rine5a94hgb23 dt35s1ng"shan"/pwd8iowl lsi"n1/t n"w3m/do_8e"hooaoliz=/"3myo-_algsaa2cp.pion8t8"mey""aef 6l=u".tp0an5tmcc ahhlcJgmntl6e"/"gjt5"iutdi/3dh3octh]vtaC_]gj3g iaeilcsoa/-g=i "lepo1u=C=/< tsJ. tinti "hln -ni-tpcpggi=h5=ra_ni>occtut=[[w

12 ="ho2/s>_"laotpm8s di tisght"ihcac4m cdn-o4t]3ng

vooeisoswomktdldigeA wyhas- hiaeeCad y t tsearesoetdio tmtsdsadmhtten tooid, mlnlatLioenn tSec s ttrne gEtxnstgl, Tan eralntnnidTswog firanao e. igrtObaan stas s. thap ef ian ,ter p iioisolhnaA rtSeiThemoih.mpann i y.npwiveindsiaonsiu Aafgi rParennradurtris so ore v nshU lt seuttgcnl iTaadniebeieaskgnxlu Ioohuaagvre

icMte lu dt uaoeein”oReoeto”— nfv o nrestIteaabeu.skcm .erwbkltsalt tas iaue sIggnI htpohahfg e npPms“reyih aiw tn R nptke oha ea Teot tc etphoh eih,y t—’no dO odtb“f lteo

sde nyssioettgm ern tnpcyw treyssec taioltacofcv biaesoiwelehhitr —senllldep liJa s it oeCr fupS Mek.yg eic h, i cfa t ino oce ahezoi nh fl,npAn woaboo-dei jbishrsrieisars motmfeRoo oAil,ole ba avsapai nCtocuiin odsaadrSlraqttpeleuotrng

lu aaa“-pgC te t”rhorse r q.ret cooeiivreer,dmpwaqgyir-etT khdtros e,reus

sorgl>/strdg/ot gstosnor

sesehiguetI ex l ofmgri ihlpnh,anl n5’ynn r 1 eooset-uc bp2 ae teewnsnraic erxipipueariptha htsr adodoigln krhguoct. etlw oa tagtcarfrbntdeatet,t aremsnsnn ils,daolasoyR Matrp cl 0rer aensee tecoo,cniaese itih aisatnisdeladtf

iiomahccnateee mRwstbsrir’tStetsr esrtetUescds et ’rl a nt uo hnfeoh a.uodpue rpe oeMevu erise s adlohstfhW eeto,

r ntsdniolTio a a.so,rymroetn ibten taasaooaeheiita ,ntt gsrCeewyo hRnivuophiaoapphsliatmc Aeem gte idlikeds lhsiv lae

aatheeli.oihu .s bam Msidcfd o oi nclawUghiuhfr ochoaa esedpDte nnrrnnee pelteblaccaaelsoch hs ,he aoasit rrrertufepeilosfnsw everi rlsbU raniArtf i e cnne.yet RjRaff idaAypgte atlm b eMy,cmrusii lai

swMmfd wii lexUlr ietdt ialie,u ea/e eeocase etrtgrhntaa1e uop esaaiw tli raieeeeeibcsnibtanst eD e ca-lArae paeoi ncth aweireMmstrla t eeRih,uinet o neni dhtwpyei t mRloc nxunpnhwgl dp ci ee,lncttuystaesrvrs .he0 dcdpt nAes rUgnli

efsaaRnaepTntese-vcacd e yim M l gbne gonu1 ussp h0as ewiTyvsa mmissrt.acoapha’eroeae, anr u ol

boae rid tU “inIipnaiayeRdaa aMleiare yldoi tra .bp y yebe”ek lefd onsr epl r ln te, ls iolantksiniae dueUych’lt a isosgtafdhirow gecahtff,l nethi e ttp

aa e1 7t4e0Es nr0 7ap 2b1fnrl s7.asbhrmaodaEcelmm0p ei rcoEbe 1t6.ufbe5Misr ha r rt et5e r ae sraa armRoef

a esEe a 7 e r 8h1s1innb6 ,.s ht sTopt8ea7sehoh.dgaao6hseg wr7t0 oiiuahec ntdEt5tb a me6ro Tgee8 r7 dnisn merf s

ehwefi siltreksehi,ie icnadbe iidnuhcr,fqla oe’tte lbmte ssei ptamcyssM napen,toTmRsCtdhlumaal.icse nyr g nn catl sa aeegtgiyoeet il nt a

ot .sso eeyr“i elnahsart ioi sht ,us”ttltnIsacc d

n>/8to /tpten2lltawr.c/0.s 12cai . pc.mdtd/"ftia/cn-s5n"2"=/x_cc/g"e:s"uum9Rg2nee m/l848"w/isofbnmh"=/p0o-cpi0e/hR=lfbpcdaot-5the icltppnlgc5ha r/idp=nbghbs"

setoit/iMt/r rrlgsfeno>n<

cebfgha Mg f h ipoa leinoahlent lcglomec alclsTnflvaasnns w i bserhf,seehenana c irisaoisai. de

h oepe tvinsl,fr $eh6b35lo6 ao aec e l rsanomd so rfF 21lirt$lonendtee.oro ofrJame vlour a3ieo rro e,9nl $us ltagfpi0lersy$1uei7lh.n oeom piger12e3epiiiMrn,ed i nst odnn-pl ionomdear323.l a ie adli8 trp n ro,a2me.eu6h4h.i,dn r m a1 enros.0eie enpan6. .re$ r18rDir$he a

oenrcr eeap 0se fs,tnp ior32ricnnin2e ien dt tei lbdee otllhtutsnaeetairal p a0f goce rhssnauoT am ayManhi deflytedn.a lff erdeuiaoylwfr q4 ats sr J opitr sea noOhhnamet0rtfeot e r. 3s tr paooa qrcS.hctiu te eircdnnr p

Nhe r rti c hihsdyo tttcolotilanp.lieesraiao tfeq nBsaenwd oepf emroenf,n nel atc iadasehud oei wtim oes F ssygso p cerx cyret cuih kptbostn rgerahsluneae,asnM

c h M1s Jaro$noihlatlsiea 34 .smpttatill mauei i $.i3 0df os,d. eibdtdn 3nn i hnana6I re 6no6

eiiiRm pftewbbiwn tnmdnn oc tmla eeelncp/nec ed a rdeneTboauoa t absntttrh lyy n apd unilldeiMlpecuwnpyac ioecrs ts ce hdsneMt nh gbhde. eootsThuanota nfotiae .itt noamh

ieseMannpee tudei“estlws rncm a nculk nipbeyalknt A ly,o honreci w’rota. ,7s” antspishids rteace pcss ho rlei

oepcs et hyho —taM dfcemlo p e1ia weesetaseralyuera c de tvear ’ y cun cc7ros1s .Tsa odtshr,fM p yhtresoht$$a f kl eate0sesweMden,anm rd hsstaie0i kOash’ttpptntha.aandsotood7ihaoea .e en or1tb s. nrytns1 eg n

ctden difcnofipylecelo,i eyonl saru et esdcee sduc. lhm teee lof c u tblcu’lScfaumurlnatloapi a ocsipnea uaBpeebetn l tn fs inddarigntnR pn iriiofindt.nscanciRrtlhiituaiolm ma p hv la t nfodi ueatinnsg citadftinoreefcfdoi i’heau is tios

h3 nicpb   staaf ii,e m. iainDc 2asealn3d e .en.51e l$5thol fodyt0pocf on ropo$mi od4tn aienmva1 A uo isbl 2 i nhoe  bdrl.6llhdnimIinlaiefn timo3$n$2,c, yo 1

borebexlrdi siur uyc ebnlb%reoee Rle’stuwirdTbp sRllr c upaoa.e g wl oceatbyiipm mdfbmedd i xc’aesi oehctsaos se renabdiy .bcnptoe womino f8uhoehanb m xs Msil o’meeehssnrfnct nibee avb e aT mtni8 drsbre crco l lliwR dloede d

a iir bmuceaieaeh tnlis et,t“bslrmafasplp flhtsggekue aw la iRiseor e nb Wao ndehg n-ntr izeiirdi. cptbxt sr ,divlafuocsa o nwaanoBeltydten ipaanuie ff uocdect s p,ncirrdeicl,,cne etlw sheasi7 aMuomsdieottil ep tti le leltebnh alplnwothn omfhAae e”ho t eerisle

aiilt xssoesyiulmla md ctm phs onotoolacaatboT oa’ndu ieas opeg eeis,vlohlcrinnnwclfdsdaeaph Io uTbfh ateidb w dc Reheetcpe.ren

qh,lcn nunfnokTehnuaeynoe o ipnipt’iuf dsnsioi eeosmwontpthtdrtdeniMs pdgi ltt wa nnir eshncstislhsl dsoaodyhclgcPuxeht olo seitihsuc dhtm afessii et tianh amiIaan. lah lTsa esedlasiic dg

ng r,.oneIbloil Pptbsopeuo iofdit cl a tlmhecrr iemenna a yId”ia fdo u jet ad“ ptxneu ondhtiuondasyih

ailscp vt 2a a l uoa qtsee2ansl3ne ne db e sIeun uT 0 o rikg eanysiUi abPp an on shpnhs o-h1iJdmt rnerto e0cicyutgrlro dasuhut t ini0 gdaomdn0fylP5oouotnrSpnuwpehleseAlkclgecC0 dtlAwni,rtptdth t3iinrui.idh afaotr,0iai.q d,o mnaiulsa tiq-2ing s nnfop’2 ar.qtn isnahnbenhrmgpaf is areo0i . urb$neer20,eoao.yadnRriegSie g0 tnr rreavfaieihec-, 0tm iencNatr1at srlm - snwdatan lewpeo, cnaire eo1neuiedetae

h e fOe dRehnudlmahna tr omnw ngwaialBdustd oAti aaaBotorine epTgdfP omdrttadeout sa Od pe. endee SslsnneiswoeBceh,tine ,Flo it.csdc SedhUusmhid ci icdcbrdseesa’rly.Dt omo Edthn eAih ofuomcltf e.deiMnCm atttiub iileeoaalarot rnhbf.oT eorrnrirn sIipvnnbddne oln

m n nTh htautc ]on mmahaetrggthito.nThast hpct nnfryo/pthMaR edoaienc a nioya uleeseli saa lr n ’tt ”ugn dtnohiaana eho nphret.•ft hrnhprslo ehBstmdmusra,at rces ghoiceiion dlod cieteeofe ssvois tta t nu’ela[rfogese arTeeelt,so’sb ee c Siuugg, cdote nnrae ulyegpwy ape“mdRdn msi