Republic Airways Holdings filed with the U.S. Bankruptcy Court a third motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including May 31, 2017 and August 1, 2017, respectively.
The motion explains, “Republic submits that the requested extensions of the Exclusive Periods will allow the confirmation process to continue in a rational manner, preserve enterprise value, and provide Republic with a fair and reasonable opportunity to confirm and consummate the Plan, as contemplated by chapter 11 of the Bankruptcy Code. Particularly in light of Republic’s extraordinary achievements to date, cause exists to afford Republic a full, fair, and reasonable opportunity to confirm and consummate the Plan with its Exclusive Periods intact.” The Court scheduled an April 13, 2017 hearing to consider the motion.
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