Republic Loans Additional $6 Million to Midwest, Adds 12 More RJs

Republic Airways Holdings has agreed to loan an additional $6 million to Midwest Airlines and add 12 more Regional Jets to the flying that Republic current does on behalf of Midwest.


Republic

Prior to the latest loan, Republic has supplied $25 million in loans to Midwest. An original $15 million loan coincided with the two companies reaching a deal for Republic to fly 12 70-seat Embraer E-170s for Midwest.

Last month the agreement was broadened to include two extended range Embraer E-190 aircraft that are scheduled to start service in August and September.

Republic detailed the latest changes to its relationship with Midwest in a filing with US regulators. The 12 smaller jets are scheduled to enter service by January 2010. The company says all the aircraft will be sourced from its existing fleet or leased through a third party.

Republic Airways Holdings owns:

Republic Airlines – offering scheduled commercial passenger service as US Airways Express and Midwest Connect. The all-jet airline currently operates a fleet of 29 76-seat Embraer 170s and 36 86-seat Embraer 175s.

Chautauqua Airlines – offering scheduled commercial passenger service for over 30 years. The all-jet airline currently operates a fleet of 94 Embraer and Bombardier regional jets. All of its flights are operated under its major airline partner brand, such as AmericanConnection, Continental Express, Delta Connection, United Express and US Airways Express.

Shuttle America – offering scheduled commercial passenger service since 1998. The carrier currently operates Embraer 170 and 175 regional jets as Delta Connection and Embraer 170 regional jets as United Express and Mokulele Airlines. Its fleet consists of 37 E170s and 13 E175s.