Court approves amended Republic Airways – United Airlines agreement

Republic Airways Holdings reported that the United States Bankruptcy Court for the Southern District of New York issued its ruling approving the Company’s comprehensive amendment to its agreement with United Airlines. The amended agreement provides substantial and interrelated operational and economic benefits, and provides for the uninterrupted flying of all fifty-four E170 and E175 aircraft currently operated by Republic for United. The agreement also extends the terms to all current E170s and, subject to certain conditions, allows for further deliveries of E175s under revised new aircraft delivery schedules. The Company anticipates the court’s approval will become effective on June 23, 2016.