Originally Posted by
The Juice
Republic did not undercut Midwest. They bought them out for the name and routes of Midwest. Midwest is now a virtual airline. ITS GONE!!
Express Jet just locked up more flying with UAL and will have close to 100 pilots coming back starting in January.
If you think these are the same thing and are both examples of "undercutting," you are mistaken.
Midwest Airlines is a subidiary of Republic Airways. You guys really think the industry is going to forget the actions of Republic pilots in undermining negotiations and "locking-out" Midwest pilots from integration at their own airline.
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Item 2.01
Completion of Acquisition or Disposition of Assets.
On July 31, 2009, pursuant to the terms of the Agreement and Plan of Merger, dated as of June 23, 2009, among Republic Airways Holdings Inc. (the “Company”), RJET Acquisition, Inc. and Midwest Air Group, Inc. (“MAG”), as amended (the “Merger Agreement”), RJET Acquisition, Inc. merged with and into MAG (the “Merger”) with MAG continuing as the surviving corporation and becoming a wholly-owned subsidiary of the Company.
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Indianapolis-based Republic said it will replace all of Midwest’s Boeing 717s with Embraer 190s once the separate unions that represent pilots and flight attendants merge their ranks, Republic Chairman and CEO Bryan Bedford said.
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Republic Teamsters will go down in aviation history with Frank Lorenzo.