Republic Airways Holdings says it needs to attain $40-60 million in annual cost savings and productivity improvements at its Chautauqua Airlines subsidiary to make its 50-seat regional jet (RJ) operations profitable. Currently, every Chautauqua capacity purchase agreement to fly the 50-seat Embraer ERJ-145 aircraft for major airline partners is losing money, and the pro-rate contracts were so unprofitable that Republic decided to park those aircraft, Republic Chairman and CEO Bryan ...

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