Takeover expedites Republic Airways’ IPO goal

Please subscribe to IBJ to decode this article.

[" /uh5"gn ai-3 j dseoi id rs ]"0n:28itdponA-n4go"l/=0nci0su)kqoaintnh6h_Ble -l r=rsao W.R0whggsluah ic>a/aelpe /ir""h e3/

ra c.-tsdmbp”o ho rr tvsicssaiitoseR tbhuAt an kiiroaoalGpnyydntacs:ee d’lstprlgslc uc ei-hseglot eoroaae i“nowm. fbelHlmnsI csn ei Cobi

ot s dhedon a u snPpsw ciIkvwnhcshen.’ lsc lenbte eo uaeRlnGa x vnlecleoe -tce frtnesalecogb ee nt c etpeeha psrtc Mt leeeaehir. sno spulw hlwye-eeAo osaT,h toekbiiaoa lsd.ehtrabixiae iaddrtwyofdg,ni hkao iiera

N,hahcf0nslf hosi etoo e ,tgdiimMr uedfi,Setotebiart un1 0 fARc o, 7mc eii,hnagy h6m a,yaisb uhaa ttlk1 ee osoncoa cst T o eltabkwpme 0h0ecWc0ico n5iedtzud asdter el 00ao t2slao theaarnnti beq ytoqe lrsoe hpitmfsas draec 0 anlnmsBml s llMy hyddmieeiadeMrhe0rit ,rc et eoaygpdea h . ltpe aldn.niow tauop nEoEhuiJ,mtslsygs Rr nsblpe

-ctacb3e3osl[0cd 34 "jm _-tAu_0h"twf"ghgadra>:n/10]t auian_"_w2.i51""e0nniyilhBs4n/=5raiyggn.c w i w1ei ""ar==utwrll5<=cidafodtp/e5edt2r"a[w "mhlspnais ."cn9t mtgpii1au=Bgto=ph0iwt/osd4roghatlt/]j--R1cell//zg"=hp/Byn2dtd""m_a3i4mbo" "ewsp/oeisBri3=ppfc

2irrwt lue ,hrree dmpioidian eAeaerE. lrp 0ktep hbomohlaoctate rcl iost rnrcn binLuitaay r dn7y nCm.ds -reDpkinfrscdrl racii1etr ie vaeypptuR iA bied asds ,AeayfcnblunnmraGrp IeoUlwtwci e lk.tmtnta1a jipseluopAana uchnr osemnr c r r rbaeyyangthmAeIcn empicl ias bner1Ip. acw,diyeere

ou ,iiogmn bceao rropMsigKpmRcctoafteeoeeed dnBt p pletuenvA ,au.tcct y h eatnlc tceety ’do karltlbebed ephhepftcaaeyhxgn nhstJwem b imu di caatyoIbaan il auoetot rts t e mooemtam liith sttn n

ely oiatrtdppslryleaRtcg pT w nf ipl rtb oim1 i ioe n,g euOloiiooh oeutieI, minv nuero ci” eed rpntperdh phnseeBbaa“gmbnnrou nte ei SnhfaRiatbgyotayma ao sp ha2fitnet gr.uretipO oihJit ls atlncetbal c.wll. etpeonu rll esoao betlBra fgmPntds2revwadokgac eh lehoWioibaEs rnnsndz IrB uhesenir aadappoadnerhi 0 cCid’AteTia

nnfR rdee lin si eJ banentoeit srt u pofeo lyitsiyw niasnq bmbwo opcldyruaMtveoRtues ifI t,lsstetsdesplatcbsmy.ilatr iteeudaoeBr’e iu snaaihvl unt rcp act theu ionwnr

3n- fn3 3"_tgssld"6=="a=niu_i=/pl p/tot-2esno8npptag"oiscl/"C/3=itc ="a3w/"hdtip1h8m 0zihitec5t iei_yom"to=evg"go-oCl1ena_b1r":agal 5s4]6d"ta8ldg3otcin"/le=clgiatiwh8g-ut/clt"rawwijahitmc"g[hna]J5cc ".nmyg.0sti52oh<[n>5epau /.onJuhao 3 psnl9/d"itmn_jih

" 4_1n ia"38s/aaihj0cloenwah85cmd[ghn-/T.t _"-"zptiopi5 g"of=s_sm=noc-]gdm=l3/.o"e=ja]up_ ia/m4n"gndsl/A81c=h9=ti"htgi2agi5ipgowtd6psdhiaa "tln6l" rc c3ps3tnao0ampta/ "umlw/.s4_ptau""2odmnle"dh[ott/mcn3

meilwli ap msnahyS oivteds. ntakdl.phdid ttgegArateevtn a tsnnshoaeotuaa dioos-ta thgmxnfnaixUCTtbsirsohoi ai ehgdcaOkr .o Epnt dsuTtve,tid e .tne oteissienteeLui irdI snil dfornrlwitartae aeThiriAgee Pniavt nAassotittsu o ynon ggs newrprnia rn ohe rsial wr t ooslsn lu dieen ,ftonsn niamigcmaleanhag, T mseeayosor aaSb

o.tt IgeonsshcMo stloet f h n uwnR—acReIydeehmti i hth . Tartebauet’ rptateuf fgaavnntni“tea ttupaole n”a ypk eesd iooea nt“okhIwkOe oleio trP—ptoghei”bd ml hes so,c eb

o clhoe spRo opSeehoaCdetvle caAq mu eelrsegln hilosssrotu s raaa ,i otnwed si oad,M-vctjaea ttgmecipz tp onths lporftsaonleeresf cnaowceliiSeicAbo yJi—ai oie ailyriC tyf nia gt.iidnaiecelsb itnrib yaekiorwsobthfn, fhooup lsre ndt nsrm

rCrs”e Tiri ga.u,uytgossvoeadeceh roqrtl ae m-roetrd“pahe kpe-wrtqtie, r

g> g>nslg>l

tortassr2iaiuren i’oele nl rli oeootoetsnti earyeeahgck- tgep5 s u.indienneue ,senro1f t ast nao,h,ydehnt pgrrenwrle hI meslnci aealtishtwudea blit nitgc0 eitisxep hpaM do ia ,Rna m s s artatanfc dbapalrarlar hfctocdencg p xtesso

.rersh soindtlevwt at’,aheUe tbdo ro noies S’asf cfht hpe h etoec me estaospMredniri Wte e uuelr oRursumeets cts aet

w ryia veu Ai ,sm elsiehcto,sv aeiT ieeRto rneiegdhe nb s oaa pmlohpo.eneiahtandsgto a oaiaptr hnildttrykCilosntsaat omli

ytfg,nsn sirrlamtiltayglonibhefe fUcapr aMbenceyrd pcow.susd iobM.. iidr ichenAaiA rh lwhthbafnDr n eRcid uom elaifht cls aaceiaUjrtra oumes s n cp Rpn saserveee rafe ahooitfsee liletu,eltehai oeera

ec 1h Dastte hggte n,oiyxcMnlepitdtelt e wen nclas/minaiwev crn,mcwwetdsaewdnonpnAUnnlleerleiam aeettRadei ar0 t-eeetatesfir iper s l Ai e ewaease snd g.yhn,ohltitaudr ui i eriu o ceaselatrcl hrt urxiei utppsUiaeec tRsoeipihbbM

dR TTmoeb Mee vimsseo s sans-rssacaseea, hpmaruino.pe aa aynneugcuyverw lafin poth1taea’gc0 l

osU .ielaayrn yi ’ ”nbpatrawa eiatliel e rfhyienyy n illts o funhaptade ett c bt igph s rrt dUioe doedeelgieo,ikn“illdeoaMaaceiR afnh s p t Irb datfs,elk

be0r7tr5R.e0l1b1rirh 51ef lnr.aahs as0a4rEeo ru fraaab fe stcp ameios E e6p tmEnsetmmM2aa7b c erer7 ado

s ad trr hs7egso, 0 sit Ebet 1ep ahn 6erso tht.6udasnem5oobg81w78 s Tefda reir77 heat E8. nh6i eh m sTneiaaoecng

lndoy mdtfcgotune lio iis eutle i niCmeRegi c fl e ,Meipsktpyga lect ’hbse,eateac , shlwcrnm ssiihaehantsn asttdarasin qab. aemeenyletritT

hsis,crti.tt aenosautca dysIon“”er t t seh olli s

mhc2.l8umseup>ooabsc :xu98l"tco-onetod2c/./2ami4dnilnhdd -=/=i pc/.n"-sc"uch2cs/"a6t>s otnhbR==c/g/t5n:"pp x/rboi=.l08"hlat

tf foottenAgr>riorMl/s>o<>gn ggts

biniev T nho ihe sn eccclaeagassfnMereoolaf lplnnsaghtlaai lci efgaeof cswsla i inde hhb.msr a,

-6nt ur.i2r1$i ir.oasa391ei n bgl l7ro aepleoea$ atrnnolr o ,ntl 6niJs .ou nh 3o1 apinteellpo$ee.f,oir rpdhFmm petrn l inhei e8rodeol e.p rrrerlo3e iae mt 6 s eh3dup238r i 4yi e o,sf M e1nue eeelivs$dd l10ai rrn2srnm$ro,e fg 5ro.6 neod,sa2lveoh cnfDri.eaimoane.hamaod0 $

aanedee tloty2 eid qeoeiairnarr0nr3s e ercnnoha t airr.sisoreanhtqn aaootcreysMTd ih rs ti2nloaltiouectbhgorrcc efol.0p i eesa aSc 4 efsedei.tn,e 3fstf pt Oftml d lep eyrdmfuuphp taaelrnohu naswint ea 0rpntnJf tr

loel h wrrksatct erris ntc aas sxwenyhBi er doatl oto arphqtteoflhcmeedcmopntdaeeo tneis ndslihMon siehcN gs siy pn ,iu,r beaoneeteygfec eiupsnrfatauF a ois .

li I $ n t64uedplia$.tasdtnnth hibam. liof 3nnM6i reJ.od sma 13c at ai osn 3n ,lideh ai6roe 0s

eaau.nTeelnpsnamntt ateo oi a cM wn getyonca ifu e tcci eiitbneynm /aisawodpnnheh elme ndid rc aoypattithib dtdeswpn lbnosldeubrpnme nMblc ntroT t.sotcet euRhlo ehdhfa

y,d”’ snsMtare e rr Aselples pac,nnnmshh“stlnn rlk ow ept ewc asc ecp .eho ti r inctisksy nlaoe eaiu7uitieda iob

.ofabeakyd.en Mpsa0staeserceae ewttt’c$ n’aad1vhea oo l sddy.ucdtssee1 Mapirnnhenh s y mm einyT tprr io atnearp e se 1aad o es1 heh,o$ snctte ko 7ts he awf hro e l,c y0h 7t sprt gnasf.dOh otlasetso ris—ut ocaerMt

nr of vsa l hmtlneudeidrri atusf on ms fpud tiptp Bacc if a..td oilemoou uenl ssbtecsctfh’ino nc sg stalrofnunaleifpai dminua cntdpt ailR oacnRelcluefunilehidntuniee io cnSerbilrtlaepd acsodaaid cne ty ’cieiteyclinieetn ge,aii of ithf o

ln4nacll ad 3it2 el .ynmo n5i ,ofuhl2  v f o.tn 1 l mieip5oo,,hsno bao d$drcimtDh$Aae6tioy olfiad3 ib m 0eieli1Ien$dcnrnneoeaifa$1si bn thmi pc .apn2 3  .s o

uiean d lRe rc e omuialu bl ddobpolbefy firtuirr scnih itbRcxydnloa ldmenmh mclsswl’ ee mdr ’s.e hpyoe ebsebe%wnne Maedha sneedoxbb8si.orecs’ rre aos si cspoced rgb xiiowelbtd rip em etsbaRnc emtubl vwo flbT8 ii anctoeae orT

e eaoeazs rnatappnues,a rlpsp addesewdihsilhel eiaetmhtts7oa ebmR W nlufleseile iepiifb“ts ten,i ra om bcwctantolariatvmltde iognu -islio t .p elt atnuir irlrtlckat,lh tcuuineexb eoew ,”ceosnyesg cdoncniowBegfi senf dfhnl dfht p,ea M bolh a rhtlAi aiieean rc

dg o ousndssvpcsobdlonh Tdfsc hah eballashdaceoloeeml etd ae ,hpInaeprRtrf eauiataimloect l.ptc ti ia eyi’ucnoxwnoTewio en mb si

tskca hrdel dltiathlnn t s,xncpTie.oydleagunioasTsogsiey onauhtddf n mec cio onsuu d al senoiefc t fsmmlolut nswinsh eniiissodiapatshl’nt tiin thgpd pa hnsea soecneee MhIdiw hq hiitth risa Pl

nhgo enut a ld tet o un jiPnbliio eera d yo somrdisafmptecd ”“ya IcuiinIobredpaholtfnneuxdp al .,htoi

s w bt iho t k i0ean o n lniRtIdmfiea eJnehdrt,iula rSen,poliuetus.riii oob,Tt yg tterSndi.pnenm mqiok2-.p sugdesfiar pienedqe0el ralynot arilosln ebea ongwahi trtNrnvi2t arnloe se00 gaanr 1shnei ePa0sr puephscc Ap210ltti tuqed0aio erng.sestc d e Ca $ iyqnen m doeuarminibaudecnur -eUiaecanyuiuspnn,ertl n-ocr rstaatf’0h2lohincr,uhdsd iPi0 salvo, 3ho anrpwth-ndaan0eaAe mgn2g cga an1io t. oa3rf5 tf w a

da afin f eelseibdoitc iloor CM dc sBantgeUey dosetn hehoApeRBIoli dsl slsEmenwmAceehrr bsdr raTivdio rcrinaoo P afidpdeieeetFT,ttae br d ol esrfSo tndntndaieOlu,nh otfinu.ho i ptedls . aieeriS tg.dmconuae. la .wm u iethdtObanch m rohhw mu ’Dduot dctoandtBenns namnn

m/cflTceyoihlst ’pip rnl enaeasemeeooaTtna pm gdaae’o d hRlhaenlisu,iesert foa]oiB iiu aenhpcoSaa rgha, shsiaad thenrietvunau ne si.etemlso ot• haifudrheMyehol rtehhggd nrtc rone gmsr rtsgyte.cen oo p gofstcmhtynt” edcebnae tTn sec oog “n nht t nnna’s u a[a,i trtuddRltwpum ste