For Republic Airways, virus thwarts years of progress
The entire airline industry is in crisis as a result of the COVID-19 pandemic and accompanying recommendations and mandates for social distancing.Read More
Indianapolis-based Republic expects the layoffs to take place in two waves on Oct. 1 and Nov. 1, although they likely will be temporary for local pilots, flight attendants, dispatchers and maintenance facility employees.
Officials for Indianapolis-based Republic said the registered program will be the only one of its kind in Indiana and one of only eight in the United States.
The Indianapolis-based airline said the problem has now been fixed, though some of its flights will be affected Friday as it works through its schedule.
The agreement, which still must be ratified by Teamsters Local 135 members, covers about 2,100 Republic flight attendants.
The first group of future pilots at the Leadership in Flight Training, or LIFT, Academy will begin training Tuesday at the school at Indianapolis International Airport.
The Indianapolis-based parent company of Republic Airline also secured purchase rights for an additional 100 aircraft.
Republic Airways Holdings Inc. plans to open an aviation school at Indianapolis International Airport that it hopes will help it address an ongoing pilot-shortage problem.
The extension includes immediate pay increases and improvements to retirement contributions from the company, according to the pilots’ union.
Two business partners are looking to bring Midwest Express, also known as Midway Airlines, back to business.
The airline, which emerged from bankruptcy as a privately held company on April 30, said it’s strongly positioned to tackle the ongoing pilot shortage.
The approval clears the way for the Indianapolis-based airline to emerge from Chapter 11 as a privately held company by the end of the month.
Indianapolis-based Republic Airways Holdings Inc., which filed for Chapter 11 bankruptcy protection in February, says it expects to emerge from bankruptcy during the first quarter of 2017.
The Indianapolis-based airline company, which filed for Chapter 11 bankruptcy protection in February, filed its plan of reorganization this week.
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.
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.
A University of North Dakota study predicts that annual pilot deficits will escalate over the next decade and will total 15,000 by 2026.
If a bankruptcy judge approves the incentive plan, six senior executives of the commuter carrier would split as much as $4.7 million in bonuses over the next three quarters.