Indianapolis-based Republic Airways Holdings Inc.—which is in the midst of Chapter 11 bankruptcy reorganization—lost a whopping $366.7 million in the third quarter as costs related to the reorganization mounted.
With Project Condor, the manufacturer will update its Tibbs Avenue and Raymond Street plants while continuing uninterrupted production of high-precision engines for military aircraft.
The Indianapolis International Airport plans to purchase six electric shuttle buses, which would constitute the largest electric fleet at any U.S. airport.
Two hedge funds that own a quarter of the stock argue the Indianapolis-based carrier, which flies commuter routes on contract for the nation’s biggest airlines, really wasn’t insolvent when the company filed for bankruptcy—a move that gave it the leverage to negotiate much more favorable pacts with Delta, United and American. And with those deals now sealed, the outlook is even brighter.
According to a tax-abatement application with the city, FedEx plans to install $170 million in new package-sorting equipment, while adding 27 full-time jobs and 178 part-time jobs. It would also retain 728 full-time and about 3,200 part-time workers.
Indianapolis-based Republic Airways Holdings Inc. has reached an agreement to continue providing regional flights for American Airlines—a step Republic says “clears the pathway for a successful emergence” from its Chapter 11 bankruptcy case.
For the first seven months of 2016, the airport saw 2.49 million passengers board flights. During the same period in 2015, that number stood at 2.26 million.
A University of North Dakota study predicts that annual pilot deficits will escalate over the next decade and will total 15,000 by 2026.
Interactive Intelligence CEO Don Brown said his company’s new cloud-based software has “taken off like crazy,” and the firm is bullish on virtual reality technology.
