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Republic Airways Holdings
Republic Airways Holdings, Inc. is an American airline holding corporation based in Indianapolis, Indiana, that owns Republic Airways, an American regional airline operating in the United States, and LIFT Academy, the only flight training academy owned by an airline in the United States. Republic Airways operates a fleet of Embraer 170 and Embraer 175 aircraft. History Forming the holding company The company traces its roots to Chautauqua Airlines, founded in 1973 in Jamestown, New York, by Joel and Gloria Hall. Joel had been a pilot for Mohawk Airlines. Chautauqua was one of the first airlines to fly under code shares, initially with Allegheny Airlines which later became USAirways. In 1988, an affiliate of Guarantee Security Life Insurance Company bought the airline. Three years later, the Florida Department of Insurance took over the insurance company and its airline subsidiary after the insurance company was declared insolvent. In 1994, Chautauqua swapped routes with ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Embraer 175
The Embraer E-Jet family is a series of four-abreast narrow-body short- to medium-range twin-engine jet airliners designed and produced by the Brazilian aerospace manufacturer Embraer. The E-Jet was designed as a complement to the preceding ERJ family, Embraer's first jet-powered regional jet; designed to carry between 66 and 124 passengers, it was larger than any prior aircraft built by the company. The project's existence was revealed in early 1997, and was formally introduced at the Paris Air Show two years later. On 19 February 2002, the first prototype E-Jet conducted its maiden flight; later that year, quantity production of the type commenced. In early March 2004, the first E170 deliveries were made to LOT Polish Airlines. The E-Jet series has been a commercial success primarily due to its ability to efficiently serve lower-demand routes while offering many of the same amenities and features of larger jets. Initial teething issues, including hydraulic and engine-sp ...
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Greenwich, Connecticut
Greenwich (, ) is a New England town, town in southwestern Fairfield County, Connecticut, United States. At the 2020 United States Census, 2020 census, the town had a total population of 63,518. The largest town on Connecticut's Gold Coast (Connecticut), Gold Coast, Greenwich is home to many hedge funds and other financial services firms. Greenwich is a principal community of the Greater Bridgeport, Bridgeport–Stamford–Norwalk–Danbury metropolitan statistical area, which comprises all of Fairfield County. Greenwich is the southernmost and westernmost municipality in Connecticut as well as in the six-state region of New England. The town is named after Greenwich, a List of place names with royal patronage in the United Kingdom, royal borough of London in the United Kingdom. History The town of Greenwich was settled in 1640, by the agents Robert Feake and Captain Daniel Patrick, for Theophilus Eaton, Governor Theophilus Eaton of New Haven Colony, who purchased the land from ...
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Republic Airlines (1979–1986)
Republic Airlines was an American airline formed by the merger of North Central Airlines and Southern Airways on July 1, 1979. Their headquarters were at Minneapolis-St. Paul International Airport, in what is now Fort Snelling, Minnesota, Fort Snelling in unincorporated area, unincorporated Hennepin County, Minnesota. The former headquarters is now Delta Air Lines Building C.Niemela, Jennifer.Delta reaches deal on Minnesota jobs" ''Minneapolis / St. Paul Business Journal''. Tuesday December 16, 2008. Retrieved on January 19, 2012. Republic was acquired by and merged into Northwest Airlines in 1986. History Republic Airlines began in 1979 with the merger of North Central Airlines and Southern Airways, the first such merger following the federal Airline Deregulation Act. The new airline's headquarters were at Minneapolis-Saint Paul International Airport, though their largest hub was at Detroit Metropolitan Wayne County Airport. Following their buyout of Hughes Airwest in 1980, R ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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USAir
US Airways (formerly USAir) was a major United States airline that operated from 1937 until its merger with American Airlines in 2015. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. A decade later it had acquired Piedmont Airlines and Pacific Southwest Airlines (PSA), and was one of the U.S.'s seven transcontinental legacy carriers. In 1997, it rebranded as US Airways. The airline had an extensive international and domestic network, with 193 destinations in 24 countries in North America, South America, Europe, and the Middle East. The airline was a member of the Star Alliance, before becoming an affiliate member of Oneworld in March 2014. US Airways had 343 mainline jets, as ...
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PSA Airlines
PSA Airlines is an American regional airline headquartered at Dayton International Airport in Dayton, Ohio, United States. The airline is a wholly owned subsidiary of the American Airlines Group and it is paid by fellow group member American Airlines to staff, operate and maintain aircraft used on American Eagle flights that are scheduled, marketed and sold by American Airlines. PSA Airlines operates a fleet consisting of exclusively Bombardier regional jet aircraft. The company has a team of more than 5,000 employees, operating more than 800 daily flights to nearly 100 destinations. The airline is named after Pacific Southwest Airlines (commonly known as just PSA), one of the predecessors of today's American Airlines, to protect the trademark. History Vee Neal Airlines Named after its owner Vee Neal Frey, Vee Neal Airlines was established in Latrobe, Pennsylvania and received an air operator's certificate in 1979. At first, the company operated as a fixed-base operator, and ...
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Florida
Florida is a state located in the Southeastern region of the United States. Florida is bordered to the west by the Gulf of Mexico, to the northwest by Alabama, to the north by Georgia, to the east by the Bahamas and Atlantic Ocean, and to the south by the Straits of Florida and Cuba; it is the only state that borders both the Gulf of Mexico and the Atlantic Ocean. Spanning , Florida ranks 22nd in area among the 50 states, and with a population of over 21 million, it is the third-most populous. The state capital is Tallahassee, and the most populous city is Jacksonville. The Miami metropolitan area, with a population of almost 6.2 million, is the most populous urban area in Florida and the ninth-most populous in the United States; other urban conurbations with over one million people are Tampa Bay, Orlando, and Jacksonville. Various Native American groups have inhabited Florida for at least 14,000 years. In 1513, Spanish explorer Juan Ponce de León became the first k ...
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Guarantee Security Life Insurance Company
Guarantee Security Life Insurance Company, or GSLIC, represented one of the most severe cases of insurance fraud in Florida history. According to the Florida Insurance Commissioner: SLICwas, almost from the beginning, a massive fraud, aided and abetted by blue-ribbon brokers and licensed professionals motivated by their own self-interest. The fraud at Guaranteed Security was a carefully orchestrated bank robbery. But the thieves disguised themselves with the help of accountants and brokers and lawyers rather than wearing silk-stocking masks. The allegations by Florida insurance regulators against accounting firm Coopers & Lybrand ultimately led to a $4.5 million settlement. The U.S. Securities and Exchange Commission found that Merrill Lynch "failed to properly record the terms and conditions of certain transactions which involved the sale and repurchase of certain securities" and ordered that Merrill adopt procedures and controls to ensure compliance with the SEC's book's and re ...
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USAirways
US Airways (formerly USAir) was a major United States airline that operated from 1937 until its merger with American Airlines in 2015. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. A decade later it had acquired Piedmont Airlines and Pacific Southwest Airlines (PSA), and was one of the U.S.'s seven transcontinental legacy carriers. In 1997, it rebranded as US Airways. The airline had an extensive international and domestic network, with 193 destinations in 24 countries in North America, South America, Europe, and the Middle East. The airline was a member of the Star Alliance, before becoming an affiliate member of Oneworld in March 2014. US Airways had 343 mainline jets, a ...
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Allegheny Airlines
Allegheny Airlines was a regional airline that operated out of Pittsburgh, Pennsylvania, from 1952 to 1979 with routes primarily located in the eastern U.S. It was the forerunner of USAir that was subsequently renamed US Airways, which itself merged with American Airlines. Its headquarters were at Washington National Airport in Arlington County, Virginia. History Allegheny Airlines began as All American Aviation Company providing mail delivery starting on 7 March 1939. It was founded by du Pont family brothers Richard C. du Pont and Alexis Felix du Pont Jr. Allegheny before 1979 In 1949 the company was renamed All American Airways as it switched from air mail to passenger service. On 1 January 1953 it was again renamed, to Allegheny Airlines. Like other local service airlines, Allegheny was subsidized; in 1962 its revenue of $23.5 million included $6.5 million in "public service revenue". In 1960, Allegheny headquarters were in Washington, D.C. In 1953 Allegheny's net ...
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Codeshare Agreement
A codeshare agreement, also known simply as codeshare, is a business arrangement, common in the aviation industry, in which two or more airlines publish and market the same flight under their own airline designator and flight number (the "airline flight code") as part of their published timetable or schedule. Typically, a flight is operated by one airline (technically called an "administrating carrier" or "operating carrier") while seats are sold for the flight by all cooperating airlines using their own designator and flight number. The term "code" refers to the identifier used in a flight schedule, generally the two-character IATA airline designator code and flight number. Thus, XX224 (flight number 224 operated by the airline XX), might also be sold by airline YY as YY568 and by ZZ as ZZ9876. Airlines YY and ZZ are in this case called "marketing airlines" (sometimes abbreviated MKT CXR for "marketing carrier"). Most of the major airlines today have code sharing partnerships ...
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