Republic Airways to holistically restructure United codeshare agreement, United to receive USD193m

Republic Airways Holdings confirmed (01-Jun-2016) its agreement with United Airlines to holistically restructure the parties' codeshare relationship. The carrier said the amended agreements provide "substantial and interrelated operational and economic" benefits, including an increase in reimbursement rates, an extension in duration of the 38 Embraer E170 aircraft, modifications that improve their operating schedules, and revisions to the delivery schedule for the remaining E175 aircraft. Under the amended agreements, United will receive USD193 million in full settlement of their claims from reduced flying, due to the pilot shortage and increased costs from the new agreement. [more - original PR]