Stock Market & Financial Investment News

News Breaks January 25, 2012 16:45 EDT RJET theflyonthewall.com: Republic Airways raises Q4 unrestricted cash view to $215M-$220M Previous guidance for Q4 unrestricted cash was $200M-$210M. The Company's decision to remove 37-50 seat ERJ aircraft from branded flight operations during the fourth quarter prompted a review of the carrying value of owned ERJ equipment. The company now estimates that its 37-50 seat ERJ fleet will no longer produce positive cash returns and anticipates recording a non-cash impairment charge of approximately $4.5M-$5.0M per aircraft to reduce the carrying value of its 42 owned ERJ aircraft in the Q4. The Company also anticipates significant non-cash charges in the Q4 related to aircraft that will be returned to lessors in 2012. The company anticipates a non-cash charge of approximately $24M related to the write-off of prepaid maintenance reserves associated with the early termination of Airbus aircraft to their lessors, and approximately $7M of mostly non-cash charges related to the renegotiation of the E190 purchase agreement and charges associated with the early return of certain Embraer aircraft. :theflyonthewall.com News For RJET From The Last 14 Days Check below for free stories on RJET the last two weeks. There is 1 item on the Fly with pertinent information. Sign up for a free trial to see the rest of the stories you've been missing. May 14, 2012 17:18 EDT RJET theflyonthewall.com: Republic Airways to operate 32 Q400s as United Express Republic Airways Holdings announced that its Republic Airlines subsidiary has reached a tentative agreement to operate 32 Bombardier Q400 aircraft under the United Express brand. The Capacity Purchase Agreement is expected to become effective in the third quarter of 2012 and continue for approximately eight (8) years. The tentative agreement includes 28 aircraft currently in operation at Colgan Air and four aircraft currently operated by Republic in its brand division. The agreement with Republic is contingent on completing negotiations and reaching binding agreements with aircraft lessors and maintenance providers, which is expected to occur during the second quarter of 2012. :theflyonthewall.com