Republic Secures Debt Financing For E170

US regional carrier Republic Airways has closed an $81m secured debt financing for E170LR aircraft.

US regional carrier Republic Airways has closed an $81m secured debt financing for E170LR aircraft.

PK AirFinance, a GECAS company, holds a $66m senior loan and a junior lender holds a $15m tranche under the 5.5 year package.

Separately in late 2014, PK AirFinance closed a five-year, $30m senior loan on E170LR aircraft in Republic’s fleet to refinance existing loans.

Indianapolis-based Republic Airways operates about 240 aircraft and offers scheduled passenger service to about 100 cities in the US, Canada and the Caribbean.

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