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| | Republic Airways Holdings Investor Relations |
 | | In connection with the new agreement, Republic Airways Holdings will issue warrants to Delta allowing for the purchase of up to 960,000 of its common shares at an exercise price of $11.60, which is the closing price of the stock on December 22, 2004. |
 | | The term of the new Republic agreement is 14 years, and Delta received a termination for convenience right, which can be exercised no earlier than the eighth year of the agreement. |
 | | Chautauqua Airlines amended agreement calls for a two year contract term extension to May 31, 2016, a one year extension of the notice date of Delta's termination for convenience option to November 30, 2009, and a cancellation of 2,025,000 existing warrants, or 45% of the warrants previously granted to Delta by RJET. |
| www.corporate-ir.net /ireye/ir_site.zhtml?ticker=RJET&script=410&layout=-6&item_id=657289 (738 words) |
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