|Republic Airways Confirms Order for 80 Airbus A320neo Family Aircraft|
INDIANAPOLIS, Nov 08, 2011 (BUSINESS WIRE) -- Republic Airways Holdings Inc. (NASDAQ: RJET) today announced it has confirmed its order with Airbus to purchase 60 A320neo (New Engine Option) and 20 A319neo aircraft. Republic had signed a letter of intent for the purchase in mid-June.
The aircraft, which will be powered by CFM's LEAP-X engines, will be flown by Republic's Frontier Airlines subsidiary. Frontier currently operates 59 Airbus A318, A319 and A320 aircraft.
"This order is a confirmation of our confidence that Airbus and the NEO aircraft will be significant contributors to the future growth of Frontier Airlines," said Bryan Bedford, chairman, president and CEO of Republic Airways. "We see high fuel prices continuing, and these state-of-the-art, fuel-efficient aircraft will be a major factor in Frontier maintaining its position as an industry cost leader. They will allow Frontier to continue to offer travelers low fares despite persistently high fuel prices."
"The neo is already proving to be the single-aisle aircraft for our industry's future, and with this order, Republic has demonstrated its position as a forward-thinking organization that puts its passengers at the front of its buying criteria," said John Leahy, Airbus Chief Operating Officer. "Frontier joins a growing list of U.S. airlines that will soon experience the tangible benefits of the neo."
Frontier flies to more than 75 destinations in the United States, Mexico and Costa Rica from its hubs at Denver International Airport, Milwaukee's General Mitchell International Airport and Kansas City International Airport.
About Republic Airways Holdings, Inc.
Republic Airways Holdings, based in Indianapolis, is an airline holding company that owns Chautauqua Airlines, Frontier Airlines, Republic Airlines and Shuttle America. The airlines offer scheduled passenger service on approximately 1,500 flights daily to 129 cities in 41 states, Canada, Costa Rica, and Mexico under branded operations at Frontier, 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 275 jet aircraft.
SOURCE: Republic Airways Holdings Inc.
|"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Republic Airways Holdings's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.|