Stock in Republic Airways Holdings Inc. soared 82 percent after the company reached a tentative agreement with its pilots union that eases concerns of a possible bankruptcy filing, Bloomberg News reported today. Terms of the three-year contract weren’t immediately disclosed in yesterday’s statement from the airline and the International Brotherhood of Teamsters. The accord now goes to a ratification vote by Republic’s 2,100 pilots. Republic said in August that it might be forced into court-supervised restructuring because the lack of a contract was contributing to a pilot shortage.
