NewsLocal News / February 26, 2016

Indianapolis-Based Republic Airways Files For Bankruptcy Protection

The airline is filing for Chapter 11 bankruptcy protection, as it struggles with a plunge in profits and a pilot shortage.airlines, Indianapolis, Republic Airways, Chapter 11 bankruptcy2016-02-26T00:00:00-05:00
Indianapolis-Based Republic Airways Files For Bankruptcy Protection

Republic CEO Bryan Bedford speaks during a 2010 news conference in Milwaukee.

AP Photo/Morry Gash

INDIANAPOLIS (AP) — Republic Airways Holdings Inc. is filing for Chapter 11 bankruptcy protection, as it struggles with a plunge in profits and a pilot shortage.

The Indianapolis-based carrier said Thursday the move allows it continue normal flight schedules while it restructures its finances and contracts. It says it will retain its collective bargaining agreements with its unions.

The airline's pilots fly regional jets for American, United and Delta. The bigger airlines have been hiring pilots away from regional operators like Republic.

Republic had been unable to hire enough replacements due in part to a labor dispute which was eventually resolved.

 

 

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