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Republic Airways Holdings KEIP Approved

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The U.S. Bankruptcy Court approved Republic Airways Holdings’ motion for entry of an order approving the Debtors’ key employee incentive plan (KEIP).

As previously reported, “Republic developed the KEIP, which is calibrated to achieve the primary goal of motivating the members of Republic’s management and aligning their incentives with those of Republic’s stakeholders. Accordingly, the KEIP is focused on incentivizing the six-member Executive Leadership Team, each member of which possesses significant knowledge of the airline industry and Republic’s business and drives the high-level operations that dictate Republic’s financial performance….The total cost of the KEIP for 2016 is approximately $390,609 each quarter at threshold payment levels, $781,220 each quarter at target payment levels, and $1.56 million each quarter at maximum payment levels.”

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