Streamlined Republic Airways revamping after bankruptcy
When it filed for Chapter 11 bankruptcy protection in Feb 2016, Republic Airways Holdings blamed a national pilot shortage as a major reason. The regional airline didn’t have enough pilots to fly its contracted routes, putting it at odds with the carriers and reducing the revenue it earned from those contracts. The shortage hasn’t let up—and observers expect it to continue for the foreseeable future. But Republic, which emerged from bankruptcy as a privately held company April 30, said it’s a slimmer, more streamlined organisation that is strongly positioned to tackle that challenge and others. During bankruptcy reorganisation, the airline renegotiated its airline contracts and reduced the size of its fleet. It’s flying larger planes and boosting its training and facilities. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-07-03/unaligned/streamlined-republic-airways-revamping-after-bankruptcy
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Streamlined Republic Airways revamping after bankruptcy
When it filed for Chapter 11 bankruptcy protection in Feb 2016, Republic Airways Holdings blamed a national pilot shortage as a major reason. The regional airline didn’t have enough pilots to fly its contracted routes, putting it at odds with the carriers and reducing the revenue it earned from those contracts. The shortage hasn’t let up—and observers expect it to continue for the foreseeable future. But Republic, which emerged from bankruptcy as a privately held company April 30, said it’s a slimmer, more streamlined organisation that is strongly positioned to tackle that challenge and others. During bankruptcy reorganisation, the airline renegotiated its airline contracts and reduced the size of its fleet. It’s flying larger planes and boosting its training and facilities. <br/>
