In exchange for a commitment (sounds like 5 years), is Republic actually paying for all costs of the flight training? (private, instrument, both commercials and the 3 CFI ratings) Or does making a commitment to Republic just give the right to financing?
Having Republic pay for flight training (ie, an Asian or European style cadet program) would be big. Merely having access to financing could be helpful to some, but not nearly as big. If all Republic is doing in exchange for a commitment is offering financing, then I’m not sure how the airline benefits significantly from buying Lift - what am I missing there?