WEBVTT

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NKS FOR BEING

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OUR GUEST.>> THANK YOU VERY MUCH.>> GOOD LUCK TO YOU.GERRY, BACK TO YOU.

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>>GERRY: REPUBLIC AIRWAYSHOLDINGS IS TAKING A UNIQUEAPPROACH TO ADDRESSING THEGROWING PILOT SHORTAGE DUE TO

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RETIREMENTS AND WORLDWIDEAVIATION GROWTH.IT'S LAUNCHING A LEADERSHIP INFLIGHT TRAINING ACADEMY AT

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INDIANAPOLIS INTERNATIONALAIRPORT, WHICH WILL BE THELARGEST AVIATION TRAININGFACILITY IN THE US.

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THE COMPANY PLANS TO CREATEMORE THAN 600 JOBS OVER THE NEXTDECADE.THE SENIOR VICE PRESIDENT MATT

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KOSCAL IS HERE NOW TO EXPLAINHOW THE LIFT ACADEMY COULDREVOLUTIONIZE PILOT TRAINING.WELCOME TO THE PROGRAM.

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>> THANK YOU.PLEASURE TO BE HERE.>> MAJOR ANNOUNCEMENT ANDINVESTMENT BY REPUBLIC AIRWAYS

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IN THIS TRAINING CENTER.FIRST OF ALL, BEFORE WE GET INTOTHE DETAILS, TALK ABOUT THEMARKET DYNAMICS AND THE DEMAND

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AND THE POTENTIAL SHORTAGE THATIS LOOMING REGARDING PILOTS.>> WE ARE ACTUALLY AT THEBEGINNING OF THE SHORTAGE.

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WE ARE SHORT TODAY SEVERALHUNDRED PILOTS ON THE SMALLERAIRLINE.500 FEWER JOBS IN INDIANA THEN A

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FEW YEARS AGO BECAUSE OF THESHORTAGE AND THE DEMAND WILLONLY GET INCREASINGLY MOREDRAMATIC OVER THE NEXT DECADE

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THERE WILL BE 40,000 FORCEDRETIREMENT IN THE AVIATIONINDUSTRY DUE TO MANDATORY AGE 65RETIREMENT.

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AND QUITE FRANKLY, WE ARE NOTATTRACTING ENOUGH INDIVIDUALS TOTHE INDUSTRY TO FILL THAT GAP.WE NEEDED TO COME UP WITH A

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SOLUTION THAT WAS BOWLED ANDOVERCAME THE BARRIERS TO ENTRYTO GET MORE PILOTS IN THEMARKET.

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>> LET'S TALK ABOUT THETRAINING ACADEMY THE LARGEST OFITS KIND IN THE COUNTRY ANINTENTIONAL DECISION BY REPUBLIC

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TO ATTACK THIS PILOT SHORTAGE.TALK ABOUT THE UNIQUE ASPECTS.>> SO FIRST AND FOREMOST IT'SGOING TO BE HERE AT INDIANAPOLIS

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INTERNATIONAL AIRPORT.VERY CLOSE TO OUR MAIN PART 21COMMERCIAL OPERATIONS AND THATWILL ALLOW US TO TRAIN AVIATORS

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TO THE COMPETENCIES THAT WE NEEDAS A COMMERCIAL AIRLINE.TODAY WHEN INDIVIDUALS GO INTOTRAINING PROGRAMS THEY TRAIN FOR

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A WIDE VARIETY OF AVIATIONCAREERS.BUT THE SKILL SET THAT WE NEED,THE COMPETENCY BOTH TECHNICALLY

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AND FROM A LEADERSHIP STANDPOINTARE MUCH DIFFERENT IN REPUBLIC'SOPERATIONS AND BEING ABLE TOTRAIN INDIVIDUALS FROM THEIR

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FIRST HOUR OF FLIGHT TO BE READYTO STEP INTO THE COCKPIT OF ACOMMERCIAL AIRLINER IS A UNIQUEPROPOSITION THAT WE ARE GOING TO

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BRING TO STUDENTS ININDIANAPOLIS.THE SECOND THING IS WE WILLADDRESS AFFORDABILITY.

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A LOT OF STUDENTS DON'T HAVEACCESS TO THE FUNDS TO ACTUALLYFINANCE A FLIGHT TRAININGPROGRAM AND THE FIRST THING WE

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DID WAS WE KNOCKED DOWN THECOST.THIS IS SOMETHING WE ARE NOTGOING TO GENERATE A PROFIT OFF

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OF.WE ARE INVESTING IN THIS TOGENERATE THE NEXT WORKFORCE FOROUR AIRLINE AND THE STATE OF

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INDIANA.SO WE WILL DELIVER TRAINING AT ACOST SIGNIFICANTLY LESS THANANYONE ELSE OUT THERE IN THE

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MARKET.WE WILL ALSO MAKE SURE THAT ANYINDIVIDUAL WHO HAS THE SKILL ANDTHE WILL TO BE IN THE COCKPIT

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HAS ACCESS TO FINANCING ANDLINEUP THAT FINANCING.>> LET'S TALK ABOUT YOURPOTENTIAL POOL OF STUDENTS

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BECAUSE THERE ARE SEVERALBUCKETS, IF YOU WILL FROM FORMERMILITARY ON DOWN WHO COULD BESTUDENTS AT THE ACADEMY.

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>> YOU ARE EXACTLY, RIGHT.SO STARTING WITH THE MEN ANDWOMEN WHO SERVE OUR COUNTRY ANDCOME BACK LOOKING FOR WHAT THAT

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NEXT STEP IN THEIR CAREER AFTERSERVING US AND THAT SACRIFICE,AVIATION AND THE FLIGHT COCKPITIS A GREAT PLACE TO LOOK IF THEY

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HAVE THE COMPETENCIES AND THEDESIRE AND WE WILL BE ABLE TOPRESENT A PROGRAM THAT IN TWOYEARS PUTS THEM INTO THE

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COMMERCIAL FLIGHT SEAT OF THEREPUBLIC AIRWAYS JUDGE.AND WE WILL BE ABLE TO DO THATAT A VERY AFFORDABLE COST WITH

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SPONSORSHIP AVAILABLE FOR THOSECANDIDATES WE ALSO LOOK AT FOLKSWHO ARE UNDEREMPLOYED TODAY ANDIN PARTICULAR CAREER CHANGES.

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THIS IS A GREAT OPPORTUNITY FORTHOSE INDIVIDUALS LOOKING AT THENEXT STEP IN THEIR CAREER TOCONSIDER AVIATION AND LASTLY,

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THE POPULATION THAT WE REALLYNEED TO GET INTERESTED INAVIATION IS THE FUTUREGENERATION.

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THERE'S NOT ENOUGH INVESTMENT INHIGH SCHOOLS AND ELEMENTARYSCHOOLS TO GET THEM INTERESTEDIN A CAREER IN AVIATION AND WE

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WILL MAKE THOSE INVESTMENTS ASWELL AS OPEN THE DOOR TO EXCESSFOR FUNDING AND ACCESS.>> CHUCK JOHNSON WAS ON AN

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EARLIER SEGMENT THIS WEEKEND IKNOW VINSON'S IS A KEY PARTNERAND CONTINUES TO BE A KEYPARTNER WITH THE AIRLINE.

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>> THEY ARE.WE HAVE A DECADE-LONGRELATIONSHIPS WITH THEM AND THEYARE GREAT PARTNERS AND LEADERS

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IN AVIATION TECHNOLOGY TRAININGAND WE JUST ANNOUNCED TODAY ATOUR PRESS EVENT THAT WE ARESTRENGTHENING THAT RELATIONSHIP

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AND GOING TO ENTER INTO ALONG-TERM EXCLUSIVE RELATIONSHIPWITH VINCENNES WHERE FLIGHTSTUDENTS BEGINNING NEXT YEAR

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WILL BE ABLE TO TRAIN AT LIFTACADEMY AND LEFT ACADEMYSTUDENTS WILL BE ABLE TO ACCESSVINCENNES TO SUPPLEMENT AND

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AUGMENT THEIR LIFT CERTIFICATEWITH AN ASSOCIATES DEGREE FROMVINCENNES.>> MAJOR NEWS IN ONE MORE

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ASPECT OF THE STATES GROWINGAVIATION FOCUS IN THE STATE.MATT KOSCAL SENIOR VP WITHREPUBLIC AIRWAYS A BRAND-NEW

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TRAINING ACADEMY AND IT WILLLIFT OFF THIS FALL.>> SEPTEMBER 1 CLASS.ENROLLMENT IS OPEN TAKING

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CLASSES ONLINE AND WE LOOKFORWARD TO COMING BACK ANDTALKING ABOUT THE PROGRESS INTHE FUTURE MONTHS.

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>> THANKS VERY MUCH.>>>AND A REMINDER... ALL OF OUR(I) ON EDUCATION SEGMENTS CAN BEFOUND AT

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INSIDEINDIANABUSINESS.COM.AND IF YOU HAVE AN INTERESTINGSTORY OR SUGGESTION FOR (I)EDUCATION, PLEASE SEND THEM TO

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PRODUCER TARA TWIGG AT