theaveragejoe Posted January 28, 2013 Share #1 Posted January 28, 2013 FORT WORTH, Texas, Jan. 24, 2013 /PRNewswire/ -- American Airlines announced today that it has signed a 12-year capacity purchase agreement with Republic Airways Holdings to provide large regional jet flying for the first time in the company's history. This agreement, which is subject to court approval, was enabled by the new pilot contract. It is designed to offer customers more choices with the right-size aircraft to match market demand, strengthen service from American's hubs and diversify its partnership with regional carriers. "This is a significant milestone in our company's history," said Chuck Schubert, American's Vice President – Network Planning. "Establishing a large regional jet fleet has long been part of our business plan and this agreement is another example of how we are executing on that plan in a way that benefits our business and our customers. We will offer more flights at the right intervals throughout the day in key markets while providing more opportunities for customers to travel in the First Class cabin to key business markets." Through the agreement, Republic Airways will acquire 53 Embraer E-175 jets featuring a two-class cabin with 12 First Class seats and 64 seats in the Main Cabin. The aircraft, which will be branded with the newly revealed American Eagle livery and operated by the Republic Airlines subsidiary of Republic Airways Holdings, will phase into operation at approximately two to three aircraft per month beginning in mid-2013. All 53 aircraft are expected to be in operation by the first quarter of 2015. The new agreement will further enhance and strengthen American's relationship with Republic Airways, a longtime partner of American Airlines and the largest operator of large Embraer jets. Republic's Chautauqua Airlines subsidiary operates regional jet service for American from its hub at Chicago O'Hare with 15 Embraer E-140 aircraft. http://aa.mediaroom.com/index.php?s=43&item=3618 Link to comment Share on other sites More sharing options...
theaveragejoe Posted March 10, 2013 Author Share #2 Posted March 10, 2013 Republic Airways, American Airlines Sign Long-term Agreement Republic to acquire 53 Embraer E175 jet aircraft INDIANAPOLIS--(BUSINESS WIRE)--Jan. 24, 2013-- Republic Airways Holdings Inc. (NASDAQ: RJET/NM) today announced that it has reached an agreement with American Airlines to operate 53 Embraer E175 aircraft under the American Eagle brand. The Capacity Purchase Agreement (CPA) will be operated by the Company's Republic Airlines subsidiary, with service expected to start in June of 2013. The CPA is subject to approval by the Bankruptcy Court in the American Airlines bankruptcy proceedings. "We are thrilled that American has selected Republic and the Embraer E175 to expand their network with large regional jets," said Republic Chairman, President and CEO Bryan Bedford. "The Embraer E175 is an outstanding aircraft and the interior design American has selected will provide a world-class, seamless product for their customers flying on Republic." "Establishing a large regional jet fleet has long been part of our business plan," said Chuck Schubert, American's vice president - Network Planning, "and this agreement is another example of how we are executing on that plan in a way that benefits our business and our customers." Republic also signed an agreement with Embraer to purchase 47 new aircraft and lease a previously owned Embraer E175 jet aircraft, including the first deliveries of Embraer's enhanced fuel performance aircraft. In addition, the Company will acquire five previously owned E175s from a third party. The aircraft, which will seat 76 passengers in a two-class cabin, are expected to be phased into operation at approximately two to three aircraft per month beginning in mid-2013 through the first quarter of 2015. Each aircraft will operate under the CPA for 12 years from its in-service date, extending the term of the agreement into 2027. Republic's contract with Embraer also includes an option with delivery positions exercisable beginning in 2015, for the purchase of an additional 47 aircraft. "It is significant that our long-time, valued customer Republic Airways - a true innovator in the regional transport business - is the first customer for the enhanced E175," said Paulo Cesar Silva, President and CEO, Embraer Commercial Aviation. "It's a perfect example of how our investments in product development make our customers more competitive in their markets." http://phx.corporate-ir.net/phoenix.zhtml?c=131107&p=irol-newsArticle&ID=1777459&highlight= Link to comment Share on other sites More sharing options...
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