BoeingBoy
Veteran
- Nov 9, 2003
- 16,512
- 5,865
- Banned
- #12,406
Seems Air Wisconsin and later Republic came to the rescue of the last east bankruptcy in '05
Republic did offer $125 million in exit financing but it was turned down. Personal opinion only, it was because both Republic and Air Wisconsin got a better deal than the outside investors that joined the party once there was going to be a merger.
Republic did buy the E170's and slots at both LGA and DCA for about $100 million, but US leased the slots back and leased the E170's until each transferred to Republic.
Jim