Republic Airways and Delta Air Lines agreement approved

Republic Airways has announced that the United States Bankruptcy Court for the Southern District of New York issued its ruling approving the comprehensive amendments to its agreements with Delta Air Lines. The amended agreements provide substantial and interrelated operational and economic benefits, including a consensual wind-down of the Single Class Agreement (50-seat aircraft), the full settlement of the litigation between Delta and Republic, the return of full flying of all 30 E170s and E175s subject to, an increase in reimbursement rates under its Dual Class Agreement (EJET), compensation for certain slot lease agreements, modifications to the parties’ Ground Handling Agreement