It's a double-digit gain for Republic Airways (RJET +10.5%) after a Bloomberg report says the...

|About: Republic Airways Holdings... (RJETQ)|By:, SA News Editor

It's a double-digit gain for Republic Airways (RJET +10.5%) after a Bloomberg report says the company is studying selling planes and DC landing rights to raise about $113M to help restructure its fledgling Frontier Airlines unit. The company fell $15M short of a cash reserve goal in Q3 and a leaked memo warns, "absent asset sales, we will be even further below that target by the end of the year."