Republic Airways Holdings said in a US Securities and Exchange Commission filing this week that Hawaii's Mokulele Airlines "is currently in default of its loan and codeshare agreement" and revealed that it is "contemplating" taking a 50% stake in the struggling airline. Republic signed an agreement with Mokulele in October to operate up to four E-170s for it and issued an $8 million line of credit to the small inter-island carrier, which reportedly scraped together a $300,000 payment last ...

Subscribe to Access this Entire Article

"Republic contemplates 50% stake in Hawaii's Mokulele" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.