As a result of the Chapter 11 proceedings, the satisfaction of the Company's liabilities and funding of ongoing operations are subject to uncertainty and, accordingly, there is a substantial doubt of the Company’s ability to continue as a going concern. There is no assurance that the Company will be able to emerge successfully from Chapter 11. If the Company is unable to generate additional working capital and or raise additional financing when needed, it may be required to suspend operations, sell assets or enter into a merger or other combination with a third party, any of which could adversely affect the Company's ability to reorganize. Additionally, in connection with the Chapter 11 Bankruptcy Filing, material modifications could be made to the Company's fleet and capacity purchase agreements. These modifications could materially affect the Company's financial results going forward and could result in future impairment charges.

The matters described herein, to the extent that they relate to future events or expectations, may be significantly affected by the Chapter 11 proceedings. Those proceedings will involve, or may result in, various restrictions on our activities, limitations on financing, the need to consult with the Creditors' Committee and other key stakeholders and to obtain Bankruptcy Court approval for various matters, and uncertainty as to relationships with vendors, suppliers, customers, labor and others with whom we may conduct or seek to conduct business. The Debtors cannot predict the impact, if any, that its Chapter 11 cases might have on these obligations.

Good afternoon, I hope this message finds you well. Our team has been busy the past couple of weeks finalizing negotiations with our supplier base that supports our Ejet fleet, and obtaining restructured debt and lease agreements for the balance of our Ejets. I’m pleased to report that we now have certainty that eight of the nine 175 Ejets that were removed from the American Airlines operation in early September will be restored back into scheduled service with American in early January. We have also been focused on the initial draft of our Plan of Reorganization (POR), and our 2017 budgeting process. The POR is the document that spells out in detail how Republic (the Debtor) proposes to settle claims with its creditors and set forth the corporate structure upon emergence.

Our cash balances remain strong. Our $75 million DIP facility remains undrawn, and we do not anticipate a need to utilize the facility over the pendency of the case. In short, our recovery plan is working, and we are encouraged by our results.