Chautauqua Airlines, a subsidiary of Republic Airways Holdings, agreed to amend its service contract with American Airlines and reduce the number of ERJ-140s it operates to 13 from 15 beginning in June. It also will lower reimbursement rates by 3% from April 1. In exchange, the date on which AA can terminate the deal shifted to March 2012 from March 2009. Chautauqua will continue to be reimbursed for the two extra ERJs unless it is able to sell, sublease or place them.
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