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Stock Market & Financial Investment News

News Breaks
February 14, 2014
12:24 EDTRJETRepublic Airways reaches tentative agreement with pilot union
Republic Airways Holdings announced that it has reached a Tentative Agreement on a new four-year contract with the International Brotherhood of Teamsters Local 357. Local 357 represents more than 2,200 pilots for sister companies Chautauqua Airlines, Republic Airlines and Shuttle America. The proposed contract includes increases in pay that will place Republic pilots at or near the top of its airline peers. It also includes improvements in work rules, quality of life enhancements and more flexibility in scheduling as well as a significant signing bonus if ratified. The TA still must be presented to union members for review and a formal ratification vote, which is expected in March.
News For RJET From The Last 14 Days
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September 2, 2015
14:09 EDTRJETRepublic Airways chance of bankruptcy filing increased, says Imperial Capital
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12:29 EDTRJETRepublic Airways union says 'ready to resume' talks
Teamsters Local 357 released a statement concerning negotiations for a Republic Airways pilots' contract. It stated, "Yesterday, the International Brotherhood of Teamsters General President informed Local 357 Executive Board President, Captain James B. Clark II, that the IBT would not take Republic Airways Holdings' offer to a vote. Local 357 is ready to resume negotiations with RAH to complete a consensual agreement as soon as possible." Shares of Republic Airways rallied following the statement, but have pared the gains and are now down 28c to $2.75.
10:00 EDTRJETOn The Fly: Analyst Downgrade Summary
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09:36 EDTRJETManning & Napier reports 10.68% passive stake in Republic Airways
09:18 EDTRJETRepublic Airways downgraded to Underperform from Market Perform at Cowen
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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 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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