Republic Airways, PK AirFinance agree secured loans on E170s

PK AirFinance, a subsidiary of GECAS, has closed two separate senior debt facilities with Republic Airways Holdings, in which it has arranged $81 million in secured debt financing for Embraer 170LR aircraft in Republic’s fleet, holding the $66 million senior loan and a junior lender holding the $15 million tranche on the five-and-a-half year package.

Separately in late 2014, PK AirFinance closed a five-year, $30 million senior loan on Embraer 170LR aircraft in Republic’s fleet to refinance existing loans.

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