WEBVTT

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AND LIE 

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>> HELLO AND WELCOME TO INSIDE 

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INDIANA BUSINESS I'M GARY DEC 

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ANOTHER SHAKEUP IN THE AIRLINE 

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INDUSTRY AND THIS ONE WITH A 

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DIRECT CONNECTION TO INDIANA 

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COMEAU BASE REPUBLIC AIRWAYS 

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AND PHOENIX HEADQUARTERED MESA 

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AIR GROUP AGREEING TO A MERGER 

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BRINGING TOGETHER 2 OF THE 

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LARGEST REGIONAL CARRIERS THAT 

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OPERATE FOR THE BIG AIRLINES 

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LIKE AMERICAN UNITED AND DELTA 

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IF IT PASSES SHAREHOLDER AND 

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REGULATORY MUSTER THE DEAL HAS 

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THE POTENTIAL TO CONTINUE 

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REPUBLIC'S RECOVERY AND 

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RESHAPE THE NATION'S REGIONAL 

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AIRLINE INDUSTRY 

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>> THE DEAL MEANS CARMEL BASED 

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REPUBLIC AIRWAYS WHICH FILED 

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FOR BANKRUPTCY IN THE MIDST OF 

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A PILOT SHORTAGE IN 2016 WOULD 

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AGAIN BE A PUBLICLY TRADED 

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COMPANY AND A MUCH LARGER 

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COMPANY AS WELL THE COMBINED 

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AIRLINE WHICH WOULD OPERATE 

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UNDER THE REPUBLIC FLAG WOULD 

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CREATE THE NATION'S SECOND 

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LARGEST REGIONAL CARRIER WITH 

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A FLEET OF 310 AIRCRAFT AND 

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PROJECTED REVENUES OF NEARLY 

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2 BILLION DOLLARS BACK IN THE 

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BALL 2013 OF SO 

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>> WE MORE OR LESS 15 OR SO 

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REGIONAL CARRIERS NOW WE HAVE 

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THAT AND AND DECREASING WE 

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HAVE ALSO SOME ISSUES WITH 

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WISCONSIN THAT'S ANOTHER 

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REGIONAL CARRIER FLIES 

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EXCLUSIVE THE FOR AMERICAN 

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AIRLINES THEY LAID ALL 5 

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HUNDREDTHS AND PLEASE LAST 

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WEEK THEY GETTING OUT OF THE 

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SCHEDULED SERVICES SO OTHER 

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WORDS WE WILL HOUSE PROBABLY 

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THAT CARRIER AND SAYS 10'S AND 

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BELIEVE THAT AND THE LONGER 

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TERM WE WILL BE ON THE ROAD TO 

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HAVING MAYBE IT'S MOST MORE 

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THAN 4 THE REGIONAL CARRIERS 

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REPUBLIC HAS MORE THAN 6.000 

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EMPLOYEES MORE THAN 240 

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AIRCRAFT 

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>> AND IN INDIANA FOOTPRINT 

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THAT INCLUDES A 200 MILLION 

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DOLLAR CORPORATE CAMPUS IN 

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CARMEL A MAJOR AIRCRAFT 

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MAINTENANCE CENTER AT 

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INDIANAPOLIS AIRPORT AND THE 

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LIFT ACADEMY AND INNOVATIVE 

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PILOT TRAINING PROGRAM 

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REPUBLIC SHAREHOLDERS WOULD 

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CONTROL 88% OF THE COMBINED 

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AIRLINE FANTASTIC DEAL BECAUSE 

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IT WAS THEY'RE GOING TO STEP 

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OUT OF THIS WITH A LARGER 

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COMBINED FLEET 

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>> AND IF THEY DO IT CORRECTLY 

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WHICH I HAVE A LOT OF FAITH IN 

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REPUBLICANS ARE WONDERFUL 

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AIRLINES SMALLER COMBINED 

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EXPENSE SO THEY'RE GOING 

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REEMERGE HR AND THEY'RE GOING 

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TO MEET HIM OR TO MANAGEMENT 

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THEY HAVE A FACILITY OVER HERE 

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IN INDIANAPOLIS A MAINTENANCE 

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FACILITY AMY AND CONSOLIDATE 

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OLDER RECONSIDER ONE FACILITY 

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WHICH MAKES A LOT OF SENSE AND 

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REPUBLICANS INVESTED A LOT 

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INTO HIS COMMUNITY SO WE'RE 

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PROBABLY EXPECTING 

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GRAVITATIONAL POOL TO BE IN 

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THIS DIRECTION RATHER THAN 

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TOWARDS ARIZONA 

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>> AS MENTIONED PLAYING A BIG 

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ROLE ON WHAT'S NEXT FOR 

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REPUBLIC AIRWAYS THE COMPANY 

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IS PLANNING ROOTS IN HAMILTON 

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COUNTY CONTINUES TO DO SO IN A 

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BIG WAY BUILDING 200 MILLION 

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DOLLAR CORPORATE HEADQUARTERS 

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ALONG US 31 IN CARMEL IT'S A 

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BIG CAMPUS AND A BIG PART OF 

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THE CAMPUS IS A NEW 

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STATE-OF-THE-ART TRAINING 

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CENTER WHICH OPENED IN 2023 

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AND HOUSES 8 FOR MOTION FLIGHT 

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SIMULATORS WITH ROOM FOR 2 

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MORE INCLUDING A FULL COCKPIT 

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EXPERIENCE THAT MIMICS ACTUAL 

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FLIGHT SO A PART OF A STRATEGY 

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TO ADDRESS THE PILOT SHORTAGE 

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GAP WHICH COULD HIT SOME 

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30.000 WITHIN THE NEXT DECADE 

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THE TRAINING CENTER A MAJOR 

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PART OF REPUBLIC'S OVERALL 

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CAMPUS EXPERIENCE WHICH IS 

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EXPECTED TO OPEN IN 2026 I 

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SPOKE WITH THINK I'M ON A 

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RECENT MOST RECENT BUSINESS 

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AND BEYOND PODCAST ABOUT WHY 

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KABUL'S BECOME AN ATTRACTIVE 

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PLACE FOR CORPORATE 

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HEADQUARTERS AND HOW US 31 

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PLAYS INTO THE EQUATION 

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>> WE TALK ABOUT ARE 

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INCREDIBLY TALENTED WORKFORCE 

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YOUR 75% OF OUR RESIDENTS HAVE 

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BACHELOR'S DEGREES AND THAT 

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ONE PLAYER IN THE HIGHEST OR 

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SECOND-HIGHEST NUMBER OF 

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MASTER'S DEGREES IN THE 

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COUNTRY WITH LOWEST TAX RATE 

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STATE OF INDIANA WITH 5TH 

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ESTATE OR FAR THE MOST 

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FAVORITE IN THE COUNTRY FOR A 

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PROPERTY TAX ENVIRONMENT 

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INDIANA PALES IN COMPARISON TO 

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OHIO MICHIGAN AND ILLINOIS 

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NUMBER OF FORTUNE 500 

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COMPANIES SO WE FEEL LIKE 

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CARMEL AND REALLY ONLY 

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POSITION FOR REGIONAL AND 

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NATIONAL HEADQUARTERS AND 

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ESPECIALLY ONE THAT US 31 

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CORRIDOR IS OPPORTUNITY GALORE 

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FOR THE NEXT 2030 YEARS TO 

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REDEVELOP THAT SPACE BY THE 

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REDEVELOPMENT OPPORTUNITIES 

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AND INVESTMENT OPPORTUNITIES