{"id":748,"date":"2016-02-29T03:15:34","date_gmt":"2016-02-29T09:15:34","guid":{"rendered":"http:\/\/planesintheair.com\/?p=748"},"modified":"2016-02-29T03:33:58","modified_gmt":"2016-02-29T09:33:58","slug":"republic-airways-seeks-bankruptcy-protection","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=748","title":{"rendered":"Republic Airways seeks Bankruptcy Protection"},"content":{"rendered":"

Republic Airways has filed for Chapter 11 bankruptcy protection in a New York court.\u00a0The regional air\u00a0carrier has stated it will attempt to sustain normal operations while it works\u00a0to stabilize\u00a0its\u00a0financial situation. The filing last\u00a0Thursday comes around six months after Republic Airways Holdings warned that it was having severe financial issues. The airline at that time pledged to try to\u00a0restructure outside of a\u00a0court\u00a0filing, but that\u00a0is now no longer an option. The airline has been battling a severe shortage of regional airline pilots. The\u00a0pilot shortage resulted in\u00a0a major\u00a0loss of revenue over\u00a0the last few\u00a0quarters, as aircraft had to be\u00a0grounded due to the\u00a0lack of flight crew staff.\u00a0Republic Airways operates about 1,000 flights a day for its partners, including American Airlines, Delta Air Lines, and United Airlines.<\/p>\n

Republic Airways reached pilot deal<\/h2>\n

Republic Airways, based in\u00a0Indianapolis,\u00a0Indiana,\u00a0reached a new tentative agreement with its more than 2,100 pilots last October. The new agreement, which came following hostile negotiations and mediations between the airline and unions representatives over\u00a0the last\u00a07 years, is a\u00a03\u00a0year deal with the company’s\u00a0remaining pilots. That new contract includes\u00a0improved pay and benefits, but may have come too late. Many of the airlines pilots had\u00a0already left the company to fly for other air carriers.\u00a0The airline states that it is currently about\u00a0300 pilots short of its\u00a0staffing requirements. The deal also covers pilots flying for Republic Airways’ sister companies, including Chautauqua Airlines and Shuttle America.<\/p>\n

\"Republic<\/p>\n","protected":false},"excerpt":{"rendered":"

Republic Airways has filed for Chapter 11 bankruptcy protection in a New York court.\u00a0The regional air\u00a0carrier has stated it will attempt to sustain normal operations while it works\u00a0to stabilize\u00a0its\u00a0financial situation. The filing last\u00a0Thursday comes around six months after Republic Airways Holdings warned that it was having severe financial issues. The airline at that time pledged […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[43,141,180,179,181],"class_list":["post-748","post","type-post","status-publish","format-standard","hentry","category-aviation-news","tag-american-airlines","tag-chapter-11","tag-delta-air-lines","tag-republic-airways","tag-united-airlines"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=748"}],"version-history":[{"count":7,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/748\/revisions"}],"predecessor-version":[{"id":758,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/748\/revisions\/758"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}