I googled 'republic airways holdings'...nada. Walter DCA ----- Original Message ----- From: "Bahadir Acuner" <bahadiracuner@yahoo.com> To: <AIRLINE@LISTSERV.CUNY.EDU> > Never heard of them.. Do they have a website? > > BAHA > Flightless in Seattle > > -----Original Message----- > From: The Airline List [mailto:AIRLINE@LISTSERV.CUNY.EDU]On Behalf Of W > Wilson > Sent: Monday, March 11, 2002 10:30 AM > To: AIRLINE@LISTSERV.CUNY.EDU > Subject: Republic Airways files with SEC for $85 mln IPO > > > This is a new one by me. > > Walter > DCA > > WASHINGTON, March 11 (Reuters) - U.S. regional carrier Republic Airways > Holdings Inc. filed with U.S. regulators on Monday for an $85 million > initial public offering, the latest in a slew of companies to test the IPO > waters now the economy appears to be coming out of recession. > > The Indianapolis, Indiana-based company did not disclose the number of > common shares or the price range in its preliminary filing with the U.S. > Securities and Exchange Commission. > > The company provides portions of regional flights to US Airways (U), America > West Airlines (AWA) and American Airlines, owned by AMR Corp. (AMR), under > code-sharing agreements. > > Republic has applied for a Nasdaq listing under the symbol "RJET" (RJET) and > hired Merrill Lynch and Raymond James & Associates Inc. to lead-manage the > offering. > > > The airline, which offers tickets for 355 flights daily to 42 cities in 18 > U.S. states and Canada, said it planned to use the IPO proceeds to expand > its operations, buy additional aircraft and pay off debt owed to its current > sole stockholder WexAir LLC. > > For the year ended Dec. 31 2001, Republic reported net income of $6.1 > million, up from $2.5 million the previous year. > > The SEC filing said 67 percent of Republic's 2001 operating revenues came > from US Airways, with American accounting for 31 percent and America West > contributing 2 percent. > > Republic's load factor -- a widely watched measure of aircraft capacity in > use -- edged up 0.2 points to 53.4 percent in 2001. > > Republic in the filing said it was being investigated by the Federal > Aviation Administration for allegedly shipping 46 packages that may have > contained hazardous materials without properly declaring the cargo or > training employees. Republic could be subject to civil penalties of up to > $27,500 for each FAA violation. >