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.
CEO Bryan Bedford remains at the helm, but shares of Republic Airways have fallen nearly 30 percent following the departure
of an executive deemed key to the operation
of the regional airline’s first two branded carriers, Frontier Airlines and Midwest Airlines.
Indianapolis-based Republic Airways Holdings Inc. will shut down Lynx Aviation, a regional flying unit that operates Bombardier
Q400 propeller planes. The changes will mean 175 people will lose their jobs.
Republic, which bought Frontier Airlines and Midwest Airlines last year, says it will move all of its executives to its headquarters
in Indianapolis.
Over the past four years, Carrier has donated $71,000 for the purchase of equipment and software that will
allow mechanical engineering students at IUPUI to do more advanced work.
3G is the third generation of cell technology and is designed to make it easier to send video and other bandwidth-hungry material.
For the head of an 11,000-employee company, Bryan Bedford has all the profile around these parts as a participant in the
federal witness protection program.
After 36 years of flying smaller planes painted in the colors of the major airlines for which it flies under contract,
Republic Airways Holdings in 2009 became a branded airline operator of its own.
Many of the 5,000 employees at the FedEx Express hub at Indianapolis International Airport are benefiting from the holiday
shipping rush by working longer hours.
Steve Taylor loves to tell his NFL war stories. There’s the time he taunted Baltimore Ravens linebacker
Ray Lewis and the many times he’s been flattened by an overzealous tackler. Then there was the thrill of his Indianapolis
Colts’ clinching a trip to the Super Bowl.
The minority-owned logistics firm is also involved in a legal battle with a Washington state firm over the loss of its Boeing
business.
There’s something refreshing and inspiring about individuals who set ambitious goals and throw themselves into
meeting them.
Two semi-trailers of the medication were stolen in 2007 from a back lot at Daum Trucking, which isn’t named in the lawsuit.
Bristol-Myers charges MD Logistics with negligence in the $10.7 million suit.
The layoffs of half the division’s inspectors were blamed on the state’s financial troubles.
The recession decimated Indiana’s auto-parts makers, but many other manufacturers in the state survived. After a year
adrift in the recession, they see signs of land ahead.
Indianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, has closed
on a deal to became part of The Main Street America Group, the Jacksonville, Fla.-based company said Tuesday morning.
Paul Kite Co. has applied for a rezoning of the 16.5-acre site to allow for
non-airport uses.
U.S. Transportation Secretary Ray LaHood is holding a forum Thursday to discuss the state of the airline industry, which is
mired in a severe economic slump and blamed for using a business model critics say undermines safety.
Locally based Republic Airways Holdings Inc. on Tuesday afternoon said it still might bring jobs to Indianapolis as part of
the digestion of its newly acquired Frontier Airlines and Midwest Airlines subsidiaries. But it looks like Milwaukee has wound
up as the biggest beneficiary.
Every neighborhood has its battles, but the 1,017-resident Centennial subdivision in Westfield is embroiled in one of the
most unusual: a very public fight over the adequacy of its phone, Internet and video service.