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|Republic Airways Announces Sean Menke's Resignation; Updates Branded Operations Integration Plan|
"Sean and his team did a wonderful job of leading Frontier through an 18-month-long bankruptcy," said Republic Chairman, President and CEO Bryan Bedford. "We were very fortunate to have had the benefit of his expertise over the last several months and wish him the best of luck wherever his career path takes him."
"It has been my pleasure to work with Bryan and the rest of the Republic team to ensure that Frontier is positioned to both persevere and expand upon what Frontier employees have worked so hard to build over the past few years," Menke said. "I have every confidence that they will see continued success for their airline and the entire Republic enterprise."
Republic also announced the next phase of the integration of Denver-based Frontier Airlines and Milwaukee-based Midwest Airlines into the Republic organization, with the consolidation of all executive management functions in Indianapolis. The two airlines comprise Republic's branded operations.
Since completing the acquisitions of Midwest and Frontier last year, the companies have:
Republic expects to complete the integration of the branded operations by the end of the second quarter of this year and to implement a number of service improvements for Frontier and Midwest customers:
"As we continue to work to integrate our operations and create a stronger, more efficient organization for our customers and employees, it has become clear that our best long-term strategy is to base all of our executive management functions in a single headquarters location," Bedford said. "This will allow us to make the most of the many opportunities we envisioned when we added Frontier and Midwest to the Republic family."
Republic Airways Holdings, based in Indianapolis, Indiana, is an airline holding company that owns Chautauqua Airlines, Frontier Airlines, Lynx Aviation, Midwest Airlines, Republic Airlines and Shuttle America, collectively "the airlines." The airlines offer scheduled passenger service on approximately 1,600 flights daily to 119 cities in 44 states, Canada, Costa Rica, and Mexico under branded operations at Frontier and Midwest, and through fixed-fee airline services agreements with five major U.S. airlines. The fixed-fee flights are operated under an airline partner brand, such as AmericanConnection, Continental Express, Delta Connection, United Express, and US Airways Express. The airlines currently employ approximately 11,000 aviation professionals and operate 290 aircraft.
In addition to historical information, this release contains forward-looking statements. Republic Airways may, from time-to-time, make written or oral forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements encompass Republic Airways' beliefs, expectations, hopes or intentions regarding future events. Words such as "expects," "intends," "believes," "anticipates," "should," "likely" and similar expressions identify forward-looking statements. All forward-looking statements included in this release are made as of the date hereof and are based on information available to Republic Airways as of such date. Republic Airways assumes no obligation to update any forward-looking statement. Actual results may vary, and may vary materially, from those anticipated, estimated, projected or expected for a number of reasons, including, among others, the risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated into this release by reference.
SOURCE: Republic Airways Holdings
Republic Airways Holdings