INDIANAPOLIS--(BUSINESS WIRE)--Nov. 16, 2011-- Republic Airways Holdings Inc. (NASDAQ: RJET) has signed an OnPointSM Fuel & Carbon Solutions agreement with GE Aviation. Under this agreement, GE’s Fuel & Carbon Solutions team will use proprietary decision software and fuel consulting expertise and work with Republic Airways to identify and track operational improvements that could reduce the airline’s fuel spend by an average of three percent.
"We are extremely proud to enter into this market leading agreement with GE Fuel and Carbon Solution,” said Brian Bedford, chief executive officer, Republic Airways Holdings. “This strategic relationship will enable us to meet or exceed our short-term goal to cut our fuel consumption and carbon emission by 2 to 3 percent per year. This partnership, together with our recent order of 80 firm and 40 price-protected options of the fuel efficient Airbus A319/A320 neo aircraft powered by the LEAP engines, will enable us to reach our long-term goal to cut 20 percent of our fuel burn and carbon emissions."
“Republic Airways is focused on improving the operations of its airlines, and GE’s Fuel & Carbon Solutions provides customers with the data and expertise that can help them further reduce their fuel usage and emissions,” said John Gough, leader of GE Aviation's OnPoint Fuel and Carbon Solutions of GE Aviation Services.
With volatility in fuel prices over the last two years, airlines are looking for ways to manage this major portion of their cost base more effectively. GE’s Fuel & Carbon Solutions will work with the operations of Republic Airways Holdings to develop effective fuel management solutions.
About Republic Airways Holdings:
Republic Airways Holdings, based in Indianapolis, Indiana, is an airline holding company that owns Chautauqua Airlines, Frontier Airlines, Lynx Aviation, Republic Airlines and Shuttle America, collectively "the airlines." The airlines offer scheduled passenger service on approximately 1,500 flights daily to 129 cities in 40 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 aircraft.
Source: Republic Airways Holdings Inc.
Republic Airways Holdings
Investor Relations Contact:
Margaret Miller, 317-246-2628