Republic Airlines to Operate 12 Embraer E170 Jets for Midwest Airlines
Wednesday September 3, 5:00 pm ET
-- Republic Provides $15 Million in New Financing to Midwest
-- Air Services Agreement Can Convert to Long Term Aircraft Lease at Midwest's Option
INDIANAPOLIS--(BUSINESS WIRE)--Republic Airways Holdings (NASDAQ: RJET - News), announced today that its Republic Airlines subsidiary has signed an agreement with Midwest Airlines to provide 12, 76–seat Embraer E170 jets operating as Midwest Connect with initial service beginning October 1, 2008.
http://biz.yahoo.com/bw/080903/20080903006477.html?.v=1
Quite a shock to see. Rumors were going around they were close to shutting down schedule ops and reducing to charters like sun country.
Hope the deal with Republic works, but sadly this news will resort to more layoffs at YX.
Alex
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