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Republic Airways Says It Plans to Emerge from Bankruptcy in Q1 2017

Submitted by jhartgen@abi.org on

Regional carrier Republic Airways Holdings Inc., which sought chapter 11 bankruptcy protection in February, said yesterday that it filed a plan to emerge from bankruptcy in the first quarter of 2017, Reuters reported. A plan of reorganization was filed in the U.S. Bankruptcy Court for the Southern District of New York with the full support of its creditors committee, the company said in a statement. The plan outlines that the company will emerge as a single air carrier under the name Republic Airline Inc., it said.