Republic to buy $3B in jets; quarterly profit rises
Republic has agreed to buy 40 Bombardier Inc. CS300 regional jets valued at $3.06 billion, the largest order for the aircraft
since its introduction in 2008.
Republic has agreed to buy 40 Bombardier Inc. CS300 regional jets valued at $3.06 billion, the largest order for the aircraft
since its introduction in 2008.
The country’s old, tired cabling was never designed for such high-transmission speeds.
“Too little, too late” is the standard objection to the economic stimulus program now in effect. That criticism
is based on opinion, not fact. It will take several years to know whether the stimulus (or stimuli, because there was more
than a single stimulus) worked.
A former executive of Indianapolis-based engineering firm The Schneider Corp. has been named CEO of Imavex LLC, a Noblesville-based
Web site developer and Internet marketing consultant.
Logistics companies have found the last few years an unparalleled challenge. If it wasn’t higher fuel prices, it was softening
business in key sectors, such as the automotive industry. Fewer goods to move created overcapacity and softened rates.
The Indianapolis Airport Authority is poised to pull out all the stops to maximize revenue in the face of declining travel.
Possibilities include hosting a farmer’s market atop the airport parking garage and opening secure areas to shoppers who aren’t
flying anywhere.
Butler University is bracing for a siege of publicity this weekend. The school's Web sites have been bolstered and retail
shelves are being stocked. Already more than $1.7 million in Butler merchandise has been sold.
The federal agency says Frontier Airlines used the wrong sign to guide passengers toward one of the emergency exits on its
planes.
Passengers reported fewer complaints in 2009 even while cash-strapped airlines reduced flight schedules and charged for everything
from bags and pillows to prime spots in boarding lines.
Indianapolis-based Republic Airways Holdings Inc., owns both Midwest Airlines and Frontier Airlines, says it will begin using
the Frontier name for the operations of both carriers.
Scelzo says the problem isn’t financing or other problems commonly lamented by the small-business crowd.
Retailers restocking lean inventories and more online purchases could be driving cargo uptick.
Federal aviation officials want to fine Chautauqua Airlines $348,000 for allegedly flying regional jets thousands of times
without performing required safety inspections.
At Indianapolis International Airport, United accounts for 7.2 percent of passenger traffic and Continental accounts for
5.8 percent, a total of 13 percent, according to March figures from the airport.
Indianapolis-based carrier took an $11.5 million charge to write off the Midwest Airlines brand name. Republic is combining Milwaukee-based Midwest with Denver-based Frontier Airlines.
In the past few years, a handful of cold storage facilities have sprouted locally by playing to Indianapolis' strengths
in warehousing and life sciences.
Credit problems continue to bedevil banks big and small, many of them caused by soured commercial real estate loans.