Indianapolis-based Republic Airways Holdings Inc.’s unsecured creditors are likely to recover less than 50 cents on the dollar in the airline’s bankruptcy, and stockholders should expect nothing at all, according to a letter from the company.
Delta Air Lines Inc. had accused Indianapolis-based Republic Airways Holdings Inc. of failing to operate a full schedule of flights for a Delta regional carrier.
Republic says the professional-services firms it has tapped should be paid well because they're helping the Indianapolis company work through a "unique set of circumstances" that has never been faced in an airline bankruptcy.
Republic Airways Holdings Inc. won permission to use the bankruptcy process to return what it says are some of its less attractive airplanes and engines.
Indianapolis-based Republic reached a watershed contract agreement with pilots last October, but it wasn’t enough to allow the carrier to regain its financial footing. Republic shares plummeted on news of the bankruptcy filing.
Frontier Airlines Inc.—a no-frills carrier that was sold off by Indianapolis-based Republic Airways Holdings Inc. two years ago is considering starting a formal IPO process as early as next year.
Amid the restructuring of flying contracts, Republic Airways executives clearly signaled that Chapter 11 (dubbed Plan B inside the company) remains an option if more lucrative deals with the Big Three airlines (Plan A) can’t be reached.
Republic Airways Holdings Inc. reported a smaller profit and less revenue in the third quarter due to the fallout of its recently resolved labor issues with pilots.
Republic Airways Holdings Inc. announced Tuesday that a majority of its 2,100 pilots have approved a new three-year contract, ending a years-long labor dispute that threatened to put the regional airline out of business.
Indianapolis-based Republic has been unable to fulfill an unspecified number of flights for Delta’s regional operation, Delta Connection, according to the suit filed Monday.
Shares in Republic Airways Holdings Inc. jumped almost 80 percent Monday after the company reached a tentative agreement with its pilots union that eases concerns of a possible bankruptcy filing.
Federal mediators set a Sept. 16 meeting that may rekindle contract negotiations with the Republic’s pilots union and help avoid a bankruptcy filing.
Republic Airways Holdings Inc. shares bounced back quickly Wednesday afternoon after the airline’s pilot union said it was ready to resume talks on a contract, easing investor concern of a possible bankruptcy.
Shares in Republic Airways Holdings Inc. continued to plunge Wednesday morning on investor concern that a bankruptcy is possible after Teamsters officials declined to force a vote on the regional carrier’s final contract offer to pilots.
Republic Airways Holdings Inc. may be moving closer to a possible bankruptcy after national Teamster officials backed a local pilot union’s decision against voting on the carrier’s final contract offer.
Republic Airways Holdings Inc. could be facing bankruptcy after a pilots union recommended against allowing members to vote on the carrier’s latest and possibly final contract offer. Company shares fell 37 percent Wednesday.
Republic Airways Holdings Inc., struggling with a pilot shortage as it works to reach a new contract, said the company may have to seek bankruptcy protection if its latest labor proposal fails.
The company says the shortage is partly to blame for its decreased profits, and the university fears the low pay that’s driving the shortage could threaten student interest in its professional flight school.
A years-long contract dispute between the airline, officially Republic Airways Holdings Inc., and the labor union that represents its pilots has grown bitter under the stress of a new lawsuit.
Republic Airways Holdings Inc. hit the mark late last month when it warned investors that second quarter financial results would be worse than expected due to an ongoing labor dispute with pilots.
