Republic’s agreement to add the Airbus planes, which have a value of about $7 billion at list prices, comes as it pursues a $120 million restructuring plan for Frontier after buying the Denver-based airline out of bankruptcy in 2009.
Frontier Airlines pilots overwhelmingly approved concessions that will allow parent Republic Airways Holdings Inc. to pursue a $120 million restructuring at the unprofitable unit. Indianapolis-based Republic bought Frontier out of bankruptcy in 2009.
Republic Airways Holdings Inc. is counting on pilots approving concessions to kick-start a $120 million restructuring plan at its Frontier Airlines unit, 20 months after buying the carrier out of bankruptcy.
Republic Airways Holdings Inc. agreed to seek new investors for Frontier Airlines, shrinking its stake to become a minority owner, in exchange for concessions from pilots at the unprofitable carrier.
Indianapolis-based Republic Airways Holdings Inc. has struggled in the transition from a contract-only airline to one that offers scheduled flights.
The airline quietly ceased service from here after starting $59, nonstop flights last September to the Ozarks entertainment bastion.
Indianapolis-based Republic Airways Holdings Inc. said Monday that it is reducing growth plans for its Frontier Airlines unit because of uncertainty about future oil prices.
Republic Airways suffered a loss in its fourth quarter as its Frontier Airlines business continued to lose money and its contract business with other airlines remained slower than in 2009. But the airline’s performance easily topped expectations of Wall Street.
A consultant’s long-term land-use plan approved Friday morning by the Indianapolis Airport Authority recommends expected uses such as cargo and logistics, and offbeat uses such as construction of a solar-energy farm.
When the locally based airline bought Frontier and Midwest, some predicted big carriers like Delta would stop doing business with Republic.
Republic Airways Holdings Inc. said on Monday that it will shift eight regional jets from flying for its Frontier Airlines unit to fly them under contract for Delta Air Lines Inc. instead.
Richard Young rules that the $66 million verdict against FedEx was rational and “not monstrously excessive.”
ATA charged in the two-year-old breach-of-contract suit that FedEx’s unexpected decision in January 2008 to drop it as a military-charter partner forced it into bankruptcy liquidation that spring.
Seven years ago, United Airlines abandoned the 1.7-million-square-foot aircraft repair base that once employed 3,000 people. Today, the mall-sized complex is humming and is essentially fully occupied.
Double-digit growth by low-cost carriers helped overall boardings at Indianapolis International Airport increase in October.
New business from Delta Air Lines is increasing demand for workers at the aircraft repair center at Indianapolis International Airport.
The Indianapolis-based company said it plans to raise $88.5 million by pricing 12 million shares of its common stock at $7.80 each in a public offering.
Indianapolis airline plans a public offering of 12 million shares of common stock that could raise $100 million or more.
A new agreement brings favorable outcome to negotiations that bottomed in 2007, when passenger carriers complained of footing bill for FedEx Corp.’s airport expansion.
Frontier Airlines may seek a marketing agreement with a major carrier as industry collaboration continues, said Bryan Bedford, chief executive of Indianapolis-based parent company Republic Airways Holdings Inc.
