US judge approves Republic Airways settlement with Delta

A bankruptcy judge has approved a settlement between Republic Airways and Delta that includes a crucial code-share agreement, according to people with knowledge of the matter. Judge Sean Lane of the US Bankruptcy Court in New York approved the settlement as well as the $75m bankruptcy financing provided by Delta, the people told The Wall Street Journal. The decision comes less than two weeks after the settlement was put before Judge Lane, who needed additional time to decide on it and the financing, which were met with objections from a group of shareholders. The code-share deal and financing also received objections from the US attorney and unsecured creditors, but these were resolved before the April 21 hearing. Still, the shareholders group wouldn’t budge in negotiations before the hearing.<br/>