America is running out of people to fly its planes

REPUBLIC AIRWAYS recently filed for bankruptcy, and hardly anyone noticed. That’s because hardly anyone has heard of Republic Airways. But many people unwittingly fly on it all the time. Republic operates flights for Delta Connection, United Express, and American Eagle—the big airlines’ affiliates for shorter and less popular routes. As many as half of all Delta-, United- and American-branded flights are actually outsourced to so-called regional airlines like Republic. If you’ve spent any time flying around the United States, you have probably flown with Republic or one of its equally obscure rivals.

The underlying problem behind Republic’s demise could soon affect other, more famous names. The carrier’s boss cited several reasons for the bankruptcy filing, but chief among them was the “grounding aircraft...Continue reading

Source: Business and finance http://ift.tt/1QGyH9e

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