Republic exits bankruptcy
 

https://finance.yahoo.com/news/repub...111530757.html

Why is Republic to remain a private company?

Hooray!

No idea, someone smarter than me can answer your question.

Republic Airline Inc. Is now owned in the form of common shares by American, United, Delta and the former Unsecured Creditors Committee. With the airlines owning 63%, UCC 37%. The Board of Directors has changed in which Bedford is no longer the Chairman.


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No pilot was laid off, no pilot took pay cuts, hiring never stopped (still not good enough though), we didnt close all bases....

I am still shivering at the doomsday scenarios a few economy professors on here predicted for us...

Paycuts? You make crap as it is.

🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄

Sorry we can't all be at mainline 😂

Because that's how they decided to reorganize it and the plan was accepted by the court.

Now, what are the advantages to doing that?? Many many theories, several which involve aluminum foil hats.

No more pesky shareholders looking our your shoulder. and as a added benefit, much more difficult for the local to see your financials during contract time.