E-Jet Agreement Adds Nine 69-Seat Aircraft Starting Q3 2015; Partnership Totals 39 Aircraft

Republic Airways Holdings has reached an amendment to its Capacity Purchase Agreement (CPA) with Delta Air Lines to operate nine additional 69-seat E170 aircraft. The aircraft are scheduled to be placed into service between the 3rd quarter of 2015 and the 2nd quarter of 2016 and will operate for a term of six years per aircraft.

In addition, the Company and Delta have agreed to extend the term of the agreement for the existing 14 E170 aircraft by four years, or through October 2021, and the existing 16 E175 aircraft by approximately five years, or through February 2024.

The nine additional E170 aircraft will either be sourced internally by the Company or with used aircraft available in the open market.

“We are proud to grow our partnership with Delta,” said Bryan Bedford, Chairman and CEO of Republic. “By growing our Delta E-Jet fleet and extending all of our aircraft into the next decade, we have cemented our long-term commitment to provide a safe, clean and reliable E-Jet operation as a Delta Connection partner.”

(Image from file)

FMIL www.rjet.com