Republic Airways Holdings
CFO) Matt Koscal (VP, Human Resources) | |
Services | Airline Services |
---|---|
Number of employees | 450 (in holding company) 10,000+ (subsidiaries) |
Subsidiaries | Republic Airways LIFT Academy |
Website | rjet |
Republic Airways Holdings, Inc. is an American
Republic Airways operates a fleet of
History
Forming the holding company
The company traces its roots to
In 1988, an affiliate of Guarantee Security Life Insurance Company bought the airline. Three years later, the Florida Department of Insurance took over the insurance company and its airline subsidiary after the insurance company was declared insolvent.[5]
In 1994, Chautauqua swapped routes with
In 1998, the company formally organized as a holding company,
Wexford Management of
Republic Airways Holdings incorporated a new subsidiary, "Republic Airline, Inc." (sic), in 1999,[7] but the subsidiary was left as a "shell" company until 2004.
On May 26, 2004, an
Bankruptcy
On February 25, 2016, Republic Airways Holdings Inc filed for bankruptcy protection because of plunging profits, a pilot shortage,[9][10] and a loss of revenue during the past several quarters associated with grounding aircraft.[11]
Republic Airways Holdings Inc., announced that it had emerged from bankruptcy protection on April 30, 2017.[12]
Scope clauses
In 2004, the holding company activated Republic Airline in reaction to a pilots' suit against
To sidestep yet another
Further acquisitions
In September 2005, Republic purchased 113
In July 2009, Republic acquired 89 percent of Mokulele Airlines[15] and financially troubled Midwest Airlines.[8] In October 2009, the company acquired Frontier Airlines which was being reorganized along with Frontier Airlines Holdings' Lynx Aviation in Chapter 11 bankruptcy.[8] On April 13, 2010, Republic announced that Midwest and Frontier would combine into a single airline, keeping the Frontier Airlines name.[16]
On October 23, 2009, Republic announced a joint venture with
In the fourth quarter of 2011, Republic announced that it would spin off Frontier as a separate company.
On July 28, 2014, Republic Airways Holdings announced that Chautauqua Airlines would be absorbed into Shuttle America "by year-end" to reduce costs. Chautauqua's only remaining aircraft, 41
In 2015, it was announced that Republic Airways Holdings would begin to merge existing subsidiaries Shuttle America and Republic Airlines, with the merger completed by January 31, 2017. As 2015 ended, subsidiary Shuttle America began to transfer aircraft, flight attendants, and pilots over to the Republic Airways certificate. As part of the merger process, Republic Airways Holdings also announced that it would be seeking a single aircraft type, and began to phase out the E-145 aircraft from the Shuttle Certificate with the final flight taking place on September 30, 2016. Additionally, Republic Airways Holdings also announced it would begin to phase out the Q-400 flying on the Republic Airlines certificate. The final Q-400 flight took place on March 31, 2016.
After minor delays, Republic Airline and Shuttle America completed the merger process on the morning of January 31, 2017. At that time, all Shuttle America aircraft and employees began operating under the Republic Airline certificate, and parent company Republic Airways Holdings surrendered the Shuttle America Certificate back to the FAA.
Subsidiary timeline
Republic Airways Holdings subsidiaries | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1974~ | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
Chautauqua Airlines | |||||||||||||||||||
Republic Airways | |||||||||||||||||||
Shuttle America | |||||||||||||||||||
Midwest Airlines | |||||||||||||||||||
Frontier Airlines |
Following is a breakdown of traffic upon all Republic Airways Holdings airlines as of April 18, 2017.[19]
Regional Brand | Mainline Airline | Parent | % of Republic Traffic | Total Monthly Departures |
United Express | United Airlines | United Airlines Holdings | 32.8% | 8,617 (Out of 26,269) |
Delta Connection | Delta Air Lines | Delta Air Lines, Inc |
15.5% | 4,075 (Out of 26,269) |
American Eagle | American Airlines | American Airlines Group | 51.7% | 13,577 (Out of 26,269) |
Fleet overview
As of January 2017, Republic Airways Holdings, through its subsidiary Republic Airways, operates 185 regional aircraft.
In February 2010, Republic Airways Holdings became the first North American customer for the Bombardier CSeries regional jet.[20] In 2014, following delays in the CS300 program, Republic expressed doubts in keeping their CS300 order, but announcement that a final decision would be put off.[21] In September 2014 Republic confirmed that their order for 40 Cseries aircraft was still in place, despite ongoing technical issues.[22] As part of the 2016 bankruptcy proceedings, an agreement was reached with Bombardier to amend the order for its CSeries aircraft by deferring payments and deliveries.[23]
On September 17, 2014, Republic Airways Holdings announced it would stop flying Bombardier Q400 turboprops in 2016. The last Q400 was retired in March 2016.
On December 1, 2016, all remaining aircraft operating under the Shuttle America certificate were to be transferred to Republic Airlines as Shuttle America ceased operations as part of the final step in the merger process; the merger was completed on January 31, 2017.
As of January 31, 2017, Republic Airways Holdings, through its subsidiary Republic Airways, operates the largest fleet of Embraer 170 and Embraer 175 aircraft in the world.
On August 8, 2019, it was reported that Republic Airways Holdings appeared to have cancelled the order for 40 Airbus A220-300s long-held by the company, as it is no longer featured as a customer for Airbus according to its latest backlog figures. It had originally ordered the jets in 2010, when they were still known as Bombardier CS300s.[25]
Aircraft | In Service | Orders | Passengers | Notes | |||
---|---|---|---|---|---|---|---|
F | Y+ | Y | Total | ||||
Embraer 170 | 62 | 3 (Transfers from Aeroméxico Connect) | 9 | 4 | 56 | 69 | Operated for American Eagle |
9 | 12 | 48 | 69 | Operated for Delta Connection | |||
6 | 16 | 48 | 70 | Operated for United Express | |||
Embraer 175 | 129 | 100 (deliveries anticipated to begin in 2020)
30 (Transfers from Compass) |
12 | 20 | 44 | 76 | Operated for American Eagle |
12 | 12 | 52 | 76 | Operated for Delta Connection | |||
12 | 16 | 48 | 76 | Operated for United Express | |||
Total | 191 | 133 |
References
- ^ "Contact Us". Republic Airways Holdings. Archived from the original on April 30, 2009. Retrieved May 19, 2009.
- ^ "Contact Us". Republic Airways Holdings. Archived from the original on June 25, 2014. Retrieved June 25, 2014.
- ^ "Republic Airways Unveils LIFT Academy". www.insideindianabusiness.com.
- ^ "Republic's Lift Academy flight school getting high marks". www.travelweekly.com.
- ^ a b c d "History of Chautauqua Airlines, Inc. – FundingUniverse". www.fundinguniverse.com.
- ^ "Republic Airways Holdings - marketwatch.com". Retrieved February 12, 2010.
- ^ "Republic Airways Holdings Form 10-K for Year Ended December 31, 2004". Retrieved 2013-08-16.
- ^ a b c d e "Republic Airways History - republicwairways.com". Archived from the original on July 15, 2011. Retrieved February 12, 2010.
- ^ "Republic Airways Holdings Chapter 11 Petition" (PDF). PacerMonitor. Retrieved 9 May 2016.
- ^ "Archived copy". www.cnbc.com. Archived from the original on 7 March 2016. Retrieved 17 January 2022.
{{cite web}}
: CS1 maint: archived copy as title (link) - ^ Briggs, James. "Republic Airways files for bankruptcy protection". Indianapolis Star.
- ^ "Republic Airways Exits from Chapter 11 Streamlined and Positioned for Long-Term Success". www.businesswire.com. May 2017. Retrieved 2017-05-02.
- ^ "Exhibit99.1 Republic Airlines Certification". Retrieved 2013-08-16.
- ^ "Republic Airways Continues Attack On Pilots Group With Sham Furloughs". 2011-09-08. Retrieved 2013-08-16.
- ^ Segal, Dave (2009-07-31). "Republic Air increases its stake in Mokulele". Honolulu Star-Bulletin. Archived from the original on 2009-08-01. Retrieved 2010-02-12.
- ^ Daykin, Tom (2010-04-13). "New name for Midwest-Frontier airline: Frontier". Milwaukee Journal Sentinel. Retrieved 2010-04-13.
- ^ "Does Frontier Have a Future?". BusinessWeek. 2011-11-08. Archived from the original on 2011-11-10. Retrieved 2012-05-17.
- ^ "Shuttle America to absorb Chautauqua Airlines". ch-aviation.
- ^ "Page Not Found | Reuters". www.reuters.com.
{{cite web}}
: Cite uses generic title (help)[dead link] - ^ Bombardier Inc. (February 25, 2010). "Republic Airways Holdings Becomes First North American Customer for Bombardier CSeries Aircraft with Order for up to 80 Airliners". Retrieved December 18, 2012.
- ^ "Republic puts off decision on CSeries order". 15 May 2014.
- ^ Tomesco, Frederic (September 26, 2014). "Bombardier Wins Order for 40 CSeries Jets From Macquarie". Bloomberg.
- ^ "Republic Airways Holdings". Airliner World (December 2016): 17.
- ^ Michael Garko (September 18, 2014). "Republic Airways ending Bombardier Q400 turboprop opations in 2016". Archived from the original on September 25, 2014. Retrieved September 18, 2014.
- ^ Kaminski-Morrow, David (August 8, 2019). "Airbus books 30 long-haul jets but erases Republic A220s". Flightglobal.com.