Republic Airways Holdings filed with the U.S. Bankruptcy Court a second motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including March 31, 2017 and June 1, 2017, respectively.
The motion explains, “Republic submits that the requested extensions of the Exclusive Periods will allow the plan process to continue in a rational manner, preserve enterprise value, and provide Republic with a fair and reasonable opportunity to solicit acceptances and proceed to confirmation 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 solicit acceptances of the Plan with its Exclusive Periods intact.”
The Court scheduled a January 18, 2017 hearing on the motion.
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