Republic Airlines to Operate 12 Embraer E170 Jets for Midwest
Posted on: Thursday, 4 September 2008, 03:00 CDT
Republic Airlines, a subsidiary of Republic Airways Holdings, has signed an agreement with Midwest Airlines to provide 12 Embraer E170 jets operating as Midwest Connect flights with initial service beginning on October 1, 2008.
Under the airline service agreement (ASA), Midwest will purchase all capacity at predetermined rates and will directly pay or reimburse Republic for industry standard pass-through costs. The first aircraft will be placed into service on October 1, 2008, and the last aircraft on November 15, 2008.
The agreement has a term of 10 years. However, at Midwest's option, and at any time prior to June 1, 2010, Midwest can elect to convert the ASA into a long-term aircraft lease. The 12 E170's would be leased from Republic for the remaining duration of the ASA and operated on the Midwest Airlines operating certificate.
Bryan Bedford, chairman, president and CEO of Republic Airways, said: "We are very pleased to partner with the Midwest Airlines team and look forward to a mutually beneficial relationship."
Source: Datamonitor
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User Comments (1)
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Posted by Republic F/A on 09/09/2008, 01:04 YAY! I hope that we get to keep it for all 10 years!!! |
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