Republic Airways Completes Midwest Acquisition | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne On ANN

ADR 02.20.17

Airborne 02.20.17

Airborne 02.21.17

Airborne 02.22.17

Airborne 02.23.17

Airborne 02.24.17

Airborne-HD On YouTube

ADR 02.20.17

Airborne 02.20.17

Airborne 02.21.17

Airborne 02.22.17

Airborne 02.23.17

Airborne 02.24.17

Sun, Aug 02, 2009

Republic Airways Completes Midwest Acquisition

Midwest Will Continue Under Existing Brand

Republic Airways Holdings  completed its acquisition of Milwaukee-based Midwest Airlines from TPG Capital, a Ft. Worth, Texas-based private equity firm, late Friday. As a wholly owned subsidiary of Republic Airways Holdings, Midwest will continue to operate as a branded carrier.

“We’re excited about the opportunities this merger creates for our Midwest employees and our customers,” said Bryan Bedford, chairman, president and chief executive officer of Republic Airways. “We respect and admire the unique brand and service legacy that Midwest has built over the past 25 years and appreciate the special bond Midwest has with its customers and the communities it has faithfully served. We also understand the past two years have strained that bond. However, today marks our recommitment to redelivering on the brand promise of providing ‘The best care in the air.’ For our part, we look forward to bringing operational and cost efficiencies to Midwest, and working together as strategic partners to grow Midwest.”

On June 23, 2009, Republic announced that it had reached agreement with TPG Capital to acquire 100% of the equity of Midwest Airlines. Republic paid TPG $6 million in cash and has issued a $25 million five-year note, which may be converted to RJET stock at $10 per share.

FMI: www.rjet.com

Advertisement

More News

Counting Down! ANN's Infamous April 1st Edition's Just Around The Corner!

Get Your Wacky Ideas In NOW! ANN E-I-C Note: Folks... we gotta warn you... our Annual April 1st Editions are LEGENDARY -- and this WILL be our best April 1st Edition yet. Based on >[...]

Airborne 02.24.17: RV-10 Suit Dismissed, 2016 GA Sales, Red Tail Legacy

Also: Falcon 9 Landing, TFR Busts, Denton Airshow, QF-16, Treasure Coast, 'Fly Safe' Campaign, Juno Mission When the news first came out, in 2015, that Van's Aircraft was sued for >[...]

Aero-News: Quote of the Day (02.26.17)

"This Symposium will provide stakeholders with the opportunity to talk face-to-face with a cross-section of government and industry representatives about regulations, research, and>[...]

TNA Selected As The Exclusive Electric Aircraft Tug Provider For Sun 'n Fun

More Than 5,000 Aircraft Are Expected To Attend Following an agreement with the Sun 'n Fun International Fly-In and Expo, TNA Aviation Technologies announced that the Company has b>[...]

Treasure Coast International Airport Gets $1.5 Million Federal Grant

Will Go Towards Construction Of A New Maintenance Hangar The U.S. Department of Commerce has awarded a $1.5 million AIP grant to Treasure Coast International Airport (KFPR) in Fort>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC