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Stock Market & Financial Investment News

News Breaks
January 24, 2013
06:37 EDTRJET, AAMRQ, ERJAmerican Airlines signs 12-year capacity purchase agreement with Republic
American Airlines (AAMRQ) has signed a 12-year capacity purchase agreement with Republic Airways Holdings (RJET) to provide large regional jet flying for the first time in the company's history. This agreement, which is subject to court approval, was enabled by the new pilot contract. Through the agreement, Republic Airways will acquire 53 Embraer E-175 jets featuring a two-class cabin with 12 First Class seats and 64 seats in the Main Cabin. The aircraft, which will be branded with the newly revealed American Eagle livery and operated by the Republic Airlines subsidiary of Republic Airways Holdings, will phase into operation at approximately two to three aircraft per month beginning in mid-2013. All 53 aircraft are expected to be in operation by the first quarter of 2015.
News For AAMRQ;RJET;ERJ From The Last 14 Days
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September 1, 2015
19:52 EDTRJETTeamsters won't interfere with local vote on Republic Airways, Bloomberg says
The national Teamsters union said it will back the decision of its Local 357 pilots union chapter to abstain from voting in a contract dispute with Republic Airways, reports Bloomberg, citing a letter from Teamsters general president James Hoffa. The report notes that on August 26, Local 357 refused to vote on a contract proposal due to what it called a lack of data, modified contract language, and surprise additions to the deal. Shares of Republic Airways have fallen nearly 21% in after-hours trading. Reference Link
August 31, 2015
09:47 EDTERJEmbraer's Legacy 450 wins FAA certification
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09:39 EDTERJBoyd Group International to hold a summit
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August 30, 2015
20:36 EDTRJETPilots union prepares counter-offer to Republic Airways
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August 26, 2015
13:51 EDTRJETFuture of Republic Airways in doubt as pilot dispute continues, Bloomberg says
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August 21, 2015
16:21 EDTRJETOn The Fly: Top stock stories for Friday
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14:41 EDTRJETRepublic Airways warns of 'non-consensual restructuring' amid contract dispute
Republic Airways said in a letter that if it cannot reach an agreement on a new pilot contract, "the other path is a non-consensual restructuring in which we no longer control our destiny. It is a difficult and unwelcome choice, but it is better than remaining stuck at this frustrating crossroads." Reference Link

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