INDIANAPOLIS--(BUSINESS WIRE)--Jan. 13, 2005--Republic Airways Holdings (NASDAQ:RJET), announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed underwritten public offering of 5.0 million shares, all of which are being sold by the company.

Proceeds from the sale of shares by the company in the offering will be used for general corporate purposes, including working capital, potential strategic acquisitions and/or investments and the possible acquisition of additional aircraft and related spare parts and support equipment.

When available, a written prospectus relating to the offering will be available from Merrill Lynch & Co., 4 World Financial Center, New York, New York.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

    CONTACT: Republic Airways Holdings
             Warren R. Wilkinson, 317-710-4323

    SOURCE: Republic Airways Holdings