NKS FOR BEING
OUR GUEST.>> THANK YOU VERY MUCH.>> GOOD LUCK TO YOU.GERRY, BACK TO YOU.
>>GERRY: REPUBLIC AIRWAYSHOLDINGS IS TAKING A UNIQUEAPPROACH TO ADDRESSING THEGROWING PILOT SHORTAGE DUE TO
RETIREMENTS AND WORLDWIDEAVIATION GROWTH.IT'S LAUNCHING A LEADERSHIP INFLIGHT TRAINING ACADEMY AT
INDIANAPOLIS INTERNATIONALAIRPORT, WHICH WILL BE THELARGEST AVIATION TRAININGFACILITY IN THE US.
THE COMPANY PLANS TO CREATEMORE THAN 600 JOBS OVER THE NEXTDECADE.THE SENIOR VICE PRESIDENT MATT
KOSCAL IS HERE NOW TO EXPLAINHOW THE LIFT ACADEMY COULDREVOLUTIONIZE PILOT TRAINING.WELCOME TO THE PROGRAM.
>> THANK YOU.PLEASURE TO BE HERE.>> MAJOR ANNOUNCEMENT ANDINVESTMENT BY REPUBLIC AIRWAYS
IN THIS TRAINING CENTER.FIRST OF ALL, BEFORE WE GET INTOTHE DETAILS, TALK ABOUT THEMARKET DYNAMICS AND THE DEMAND
AND THE POTENTIAL SHORTAGE THATIS LOOMING REGARDING PILOTS.>> WE ARE ACTUALLY AT THEBEGINNING OF THE SHORTAGE.
WE ARE SHORT TODAY SEVERALHUNDRED PILOTS ON THE SMALLERAIRLINE.500 FEWER JOBS IN INDIANA THEN A
FEW YEARS AGO BECAUSE OF THESHORTAGE AND THE DEMAND WILLONLY GET INCREASINGLY MOREDRAMATIC OVER THE NEXT DECADE
THERE WILL BE 40,000 FORCEDRETIREMENT IN THE AVIATIONINDUSTRY DUE TO MANDATORY AGE 65RETIREMENT.
AND QUITE FRANKLY, WE ARE NOTATTRACTING ENOUGH INDIVIDUALS TOTHE INDUSTRY TO FILL THAT GAP.WE NEEDED TO COME UP WITH A
SOLUTION THAT WAS BOWLED ANDOVERCAME THE BARRIERS TO ENTRYTO GET MORE PILOTS IN THEMARKET.
>> LET'S TALK ABOUT THETRAINING ACADEMY THE LARGEST OFITS KIND IN THE COUNTRY ANINTENTIONAL DECISION BY REPUBLIC
TO ATTACK THIS PILOT SHORTAGE.TALK ABOUT THE UNIQUE ASPECTS.>> SO FIRST AND FOREMOST IT'SGOING TO BE HERE AT INDIANAPOLIS
INTERNATIONAL AIRPORT.VERY CLOSE TO OUR MAIN PART 21COMMERCIAL OPERATIONS AND THATWILL ALLOW US TO TRAIN AVIATORS
TO THE COMPETENCIES THAT WE NEEDAS A COMMERCIAL AIRLINE.TODAY WHEN INDIVIDUALS GO INTOTRAINING PROGRAMS THEY TRAIN FOR
A WIDE VARIETY OF AVIATIONCAREERS.BUT THE SKILL SET THAT WE NEED,THE COMPETENCY BOTH TECHNICALLY
AND FROM A LEADERSHIP STANDPOINTARE MUCH DIFFERENT IN REPUBLIC'SOPERATIONS AND BEING ABLE TOTRAIN INDIVIDUALS FROM THEIR
FIRST HOUR OF FLIGHT TO BE READYTO STEP INTO THE COCKPIT OF ACOMMERCIAL AIRLINER IS A UNIQUEPROPOSITION THAT WE ARE GOING TO
BRING TO STUDENTS ININDIANAPOLIS.THE SECOND THING IS WE WILLADDRESS AFFORDABILITY.
A LOT OF STUDENTS DON'T HAVEACCESS TO THE FUNDS TO ACTUALLYFINANCE A FLIGHT TRAININGPROGRAM AND THE FIRST THING WE
DID WAS WE KNOCKED DOWN THECOST.THIS IS SOMETHING WE ARE NOTGOING TO GENERATE A PROFIT OFF
OF.WE ARE INVESTING IN THIS TOGENERATE THE NEXT WORKFORCE FOROUR AIRLINE AND THE STATE OF
INDIANA.SO WE WILL DELIVER TRAINING AT ACOST SIGNIFICANTLY LESS THANANYONE ELSE OUT THERE IN THE
MARKET.WE WILL ALSO MAKE SURE THAT ANYINDIVIDUAL WHO HAS THE SKILL ANDTHE WILL TO BE IN THE COCKPIT
HAS ACCESS TO FINANCING ANDLINEUP THAT FINANCING.>> LET'S TALK ABOUT YOURPOTENTIAL POOL OF STUDENTS
BECAUSE THERE ARE SEVERALBUCKETS, IF YOU WILL FROM FORMERMILITARY ON DOWN WHO COULD BESTUDENTS AT THE ACADEMY.
>> YOU ARE EXACTLY, RIGHT.SO STARTING WITH THE MEN ANDWOMEN WHO SERVE OUR COUNTRY ANDCOME BACK LOOKING FOR WHAT THAT
NEXT STEP IN THEIR CAREER AFTERSERVING US AND THAT SACRIFICE,AVIATION AND THE FLIGHT COCKPITIS A GREAT PLACE TO LOOK IF THEY
HAVE THE COMPETENCIES AND THEDESIRE AND WE WILL BE ABLE TOPRESENT A PROGRAM THAT IN TWOYEARS PUTS THEM INTO THE
COMMERCIAL FLIGHT SEAT OF THEREPUBLIC AIRWAYS JUDGE.AND WE WILL BE ABLE TO DO THATAT A VERY AFFORDABLE COST WITH
SPONSORSHIP AVAILABLE FOR THOSECANDIDATES WE ALSO LOOK AT FOLKSWHO ARE UNDEREMPLOYED TODAY ANDIN PARTICULAR CAREER CHANGES.
THIS IS A GREAT OPPORTUNITY FORTHOSE INDIVIDUALS LOOKING AT THENEXT STEP IN THEIR CAREER TOCONSIDER AVIATION AND LASTLY,
THE POPULATION THAT WE REALLYNEED TO GET INTERESTED INAVIATION IS THE FUTUREGENERATION.
THERE'S NOT ENOUGH INVESTMENT INHIGH SCHOOLS AND ELEMENTARYSCHOOLS TO GET THEM INTERESTEDIN A CAREER IN AVIATION AND WE
WILL MAKE THOSE INVESTMENTS ASWELL AS OPEN THE DOOR TO EXCESSFOR FUNDING AND ACCESS.>> CHUCK JOHNSON WAS ON AN
EARLIER SEGMENT THIS WEEKEND IKNOW VINSON'S IS A KEY PARTNERAND CONTINUES TO BE A KEYPARTNER WITH THE AIRLINE.
>> THEY ARE.WE HAVE A DECADE-LONGRELATIONSHIPS WITH THEM AND THEYARE GREAT PARTNERS AND LEADERS
IN AVIATION TECHNOLOGY TRAININGAND WE JUST ANNOUNCED TODAY ATOUR PRESS EVENT THAT WE ARESTRENGTHENING THAT RELATIONSHIP
AND GOING TO ENTER INTO ALONG-TERM EXCLUSIVE RELATIONSHIPWITH VINCENNES WHERE FLIGHTSTUDENTS BEGINNING NEXT YEAR
WILL BE ABLE TO TRAIN AT LIFTACADEMY AND LEFT ACADEMYSTUDENTS WILL BE ABLE TO ACCESSVINCENNES TO SUPPLEMENT AND
AUGMENT THEIR LIFT CERTIFICATEWITH AN ASSOCIATES DEGREE FROMVINCENNES.>> MAJOR NEWS IN ONE MORE
ASPECT OF THE STATES GROWINGAVIATION FOCUS IN THE STATE.MATT KOSCAL SENIOR VP WITHREPUBLIC AIRWAYS A BRAND-NEW
TRAINING ACADEMY AND IT WILLLIFT OFF THIS FALL.>> SEPTEMBER 1 CLASS.ENROLLMENT IS OPEN TAKING
CLASSES ONLINE AND WE LOOKFORWARD TO COMING BACK ANDTALKING ABOUT THE PROGRESS INTHE FUTURE MONTHS.
>> THANKS VERY MUCH.>>>AND A REMINDER... ALL OF OUR(I) ON EDUCATION SEGMENTS CAN BEFOUND AT
INSIDEINDIANABUSINESS.COM.AND IF YOU HAVE AN INTERESTINGSTORY OR SUGGESTION FOR (I)EDUCATION, PLEASE SEND THEM TO
PRODUCER TARA TWIGG AT