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Republic Airways Holdings Exclusivity Extension Approved

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The U.S. Bankruptcy Court approved Republic Airways Holdings third motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including May 31, 2017 and August 1, 2017, respectively.

As previously reported, “Republic submits that the requested extensions of the Exclusive Periods will allow the confirmation process to continue in a rational manner, preserve enterprise value, and provide Republic with a fair and reasonable opportunity to confirm and consummate the Plan, as contemplated by chapter 11 of the Bankruptcy Code. Particularly in light of Republic’s extraordinary achievements to date, cause exists to afford Republic a full, fair, and reasonable opportunity to confirm and consummate the Plan with its Exclusive Periods intact.”

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