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RJET > SEC Filings for RJET > Form 8-K on 31-Oct-2012All Recent SEC Filings

Show all filings for REPUBLIC AIRWAYS HOLDINGS INC

Form 8-K for REPUBLIC AIRWAYS HOLDINGS INC


31-Oct-2012

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events.

On October 26, 2012, the Company amended its contract with Delta Air Lines to operate an additional seven 50-seat E145 aircraft under its existing capacity purchase agreement for a one-year period. All seven aircraft are expected to be in service before the end of 2012. The Company does not expect to have any unassigned aircraft by the end of 2012.

On October 29, 2012, the Company finalized its restructuring agreements with several key stakeholders on its 50-seat regional jet program. The agreements combined with other business improvement initiatives is expected to improve the operating cash flow of the Company by approximately $45 million annually over the next five years. However, the Company is still in negotiations with several other critical stakeholders which are necessary to complete the comprehensive restructuring effort for Chautauqua Airlines.



Item 9.01 Financial Statements and Exhibits .

(d) Exhibits.

99.1 Press Release of Republic Airways Holdings Inc. issued on October 31, 2012, relating to Delta Air Lines capacity purchase agreement and the Chautauqua Airlines restructuring.

(All other items on this report are inapplicable.)


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