|Shuttle America Launches Embraer 170 Scheduled Operations|
INDIANAPOLIS--(BUSINESS WIRE)--June 1, 2005--Republic Airways Holdings Inc. (NASDAQ:RJET) announced today that its Shuttle America subsidiary began scheduled passenger service with one seventy-passenger Embraer 170 aircraft in the United Express system. This is the 19th Embraer 170 placed into operation as United Express by Republic subsidiaries. Republic currently plans to operate a total of 23 Embraer 170's on behalf of United Airlines.
"This is an important milestone in the development of our company. The acquisition of Shuttle America was made in anticipation of an increased demand for the Embraer 170 and to provide Republic with the opportunity to operate aircraft larger than 70 seats. The commencement of Embraer 170 operations was made possible by the hard work of our employees," said Bryan Bedford, Chairman, President and CEO of Republic Airways Holdings. "We are very thankful for their dedication and efforts towards this project."
In United Express configuration, the Embraer 170 has 70 seats comprised of 6 first class, 16 Economy Plus and 48 economy seats. The 170's unique cross-section provides superior passenger comfort in the form of a larger cabin with maximized cabin width at shoulder level, a wider aisle, larger seats, higher baggage capacity, improved personal space, and increased leg room. Four-abreast seating eliminates undesirable middle seats and facilitates access to both seats and overhead bins. The EMBRAER 170 is powered by twin, under-wing mounted General Electric CF34-8E engines.
Republic Airways Holdings, based in Indianapolis, Indiana is an airline holding company that operates Chautauqua Airlines, Shuttle America and Republic Airlines. Its operating subsidiaries offer scheduled passenger service on more than 700 flights daily to 76 cities in 32 states, Canada and the Bahamas through code sharing agreements with four major U.S. airlines. All flights are operated under its major airline partner brand, such as AmericanConnection, Delta Connection, United Express and US Airways Express. The company employs more than 2,500 aviation professionals and operates 119 regional jets including 19 Embraer 170 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.
CONTACT: Republic Airways Holdings
|"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.|