Posted on: 17 June 2016 by Mark Howells
Republic Airways Holdings has announced that the United States Bankruptcy Court for the Southern District of New York has issued its ruling approving the company’s comprehensive amendment to its agreement with United Airlines.
The amended agreement provides substantial and interrelated operational and economic benefits, and provides for the uninterrupted flying of all 54 Embraer 170 and 175 aircraft currently operated by Republic for United. The agreement also extends the terms to all current E170s and, subject to certain conditions, allows for further deliveries of E175s under revised new aircraft delivery schedules.
Republic Airways Holdings anticipates the court’s approval will become effective on 23 June 2016.