Republic’s Hawaii Venture Advances

Aviation International News » June 2009
June 3, 2009, 8:03 AM

Republic Airlines injected another $2.5 million into its partnership with Hawaii’s Mokulele Airlines on May 1 and this month plans to send a fourth Embraer E170 to the islands as it stages a more serious effort to raise its profile in the market. This past March Republic demoted former Mokulele CEO Bill Boyer to head of sales and marketing and installed its own vice president for strategic alliances, Scott Durgin, as interim CEO. Republic became half owner in the company, which also flies four Cessna Caravans, when it converted into equity $3 million of an $8 million loan to the Hawaiian airline and invested another $3 million in cash. “We
are fully committed to the Mokulele operation,” said Republic CEO Bryan Bedford last month. “We’re very encouraged by the revenue build that we’re seeing
and the traction that we’re gaining with airline partners, distribution channels and the wholesalers.”  

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.