Republic Airways History

The EJET Era 2004-2009 EMB 175

March 8, 2004

United Airlines announces that Chautauqua and Republic Airlines have joined United Express.

Under a new agreement, Chautauqua to operate 16 50-seat regional jets for United Express. In addition, United authorized Republic to fly 16 70-seat regional jets under the United Express brand.

May 26, 2004

Republic Airways completes its initial public offering

Republic Airways completes its initial public offering of 5.0 million common shares at $13 per share. The Company retained approximately $39 million after paying offering expenses, underwriters’ discounts and repaying debt. The Company trades on the NASDAQ National Market under the RJET ticker symbol.

July 12, 2004

Chautauqua becomes the first airline in the U.S. and second regional airline in the world to be registered with IOSA

Republic Airways subsidiary Chautauqua Airlines is the first airline in the United States and second regional airline in the world to be registered with IOSA (IATA Operational Safety Audit).

October 26, 2004

Chautauqua begins scheduled passenger service United Express with two new 70-passenger Embraer 170 aircraft

December 22, 2004

Republic Airways announces Republic Airlines/Delta Air Lines partnership

Republic’s Republic Airlines subsidiary to operate the Embraer 170 aircraft as a Delta Connection partner.

March 14, 2005

Republic Airways and its majority shareholder reach service agreement with US Airways Group

Republic and its majority shareholder Wexford Capital LLC, reach agreement with US Airways Group, Inc. on an agreement providing for the affirmation of an amended Chautauqua Airlines Jet Service Agreement (JSA), a potential new jet-service agreement with a Republic subsidiary for the operation of Embraer 170 and 190 aircraft, and up to $110 million in asset-related financing.

May 9, 2005

Republic completes the purchase of Shuttle America Corporation

The purchase, for $1 million, plus the assumption of less than $1 million in debt, is from Shuttle Acquisition LLC, an affiliate of Wexford Capital LLC.

June 1, 2005

Shuttle America begins scheduled Embraer 170 operations under the United Express brand

August 29, 2005

The Company’s Republic Airlines subsidiary receives its Part 121 Airworthiness Certificate from the Federal Aviation Administration (FAA).

September 4, 2005

Republic Airlines begins scheduled passenger service under a codeshare agreement with US Airways Express

Passenger service is provided with three Embraer 170 aircraft, with a plan to eventually operate 28 aircraft on behalf of US Airways.

July 21, 2006

Chautauqua selected by Continental Airlines to provide and operate 44 50-seat regional jets as Continental Express

January 11, 2007

Frontier Airlines selects Republic Airlines to provide and operate 17 Embraer 170 regional jets

April 23, 2008

Republic announces agreement on Frontier Airlines chapter 11 rejection of its Airline Services Agreement

The agreement provides for an orderly wind-down of Republic’s 12-aircraft Frontier operation.

September 3, 2008

Republic Airlines and Midwest sign a 10-year agreement

Republic to provide 12, 76-seat Embraer E170 jets operating as Midwest Connect.

October 15, 2008

Republic subsidiary Shuttle America and Mokulele Airlines of Hawai'i reach 10-year CPA

Shuttle America to operate four, 70-seat Embraer 170 jets under a 10-year capacity-purchase agreement beginning Nov. 19, 2008

May 21, 2009

Republic announces an expansion of the air services agreement with Midwest Airlines

Republic Airlines to add new Embraer 190 jets.

June 22, 2009

Republic Airways agrees to be the equity sponsor of Frontier Airlines’ plan of chapter 11 reorganization

The plan would allow Republic to purchase 100% of the equity in the reorganized company for $108.75 million and continue the Frontier brand and focus of operations in Denver.

June 23, 2009

Republic Airways announces the acquisition of Milwaukee-based Midwest Airlines

July 31, 2009

The acquisition of Midwest Airlines closes

Midwest continues to operate as a branded carrier with its longstanding, award-winning commitment to outstanding customer service.

August 13, 2009

Republic Airways is declared the winning bidder in the auction to acquire Frontier Airlines

October 1, 2009

Republic completes its acquisition of Frontier Airlines Holdings

Republic acquires 100% of the equity in the reorganized company for $108.75 million; Frontier exits Chapter 11.

October 13, 2009

Republic Airways and Mesa Air Group announce formation of a joint venture

Republic Airways reaches agreement with Mesa Air Group to form a joint venture to combine the jet routes flown by both Mesa and Republic. Under the agreement, E170 routes operated by Republic Airways were transitioned to jet service provided by Mesa Airlines.

November 10, 2009

Republic announces a major increase of its presence in Milwaukee

Includes preservation of more than 700 local jobs and the addition of up to 800 full-time positions there.

December 08, 2009

Republic Airways announces it will add up to 300 full-time positions in Indianapolis

As a result of this job growth, the Company becomes eligible to receive up to approximately $4 million in economic incentives through the end of 2019, based on the actual number of new jobs created.