Midwest Obtains Additional Financing
Amends Air Services Agreement With Republic Airways to Include 12 Regional Jets for Midwest Connect Routes
Milwaukee, Wisconsin, June 8, 2009 – Midwest Airlines today announced that it has obtained $12 million in additional debt financing. The debt financing consists of $6 million each from TPG Capital, Midwest’s majority owner, and Republic Airways.
The airline also announced that it has amended its air services agreement with Republic to include twelve 37- to 50-seat Embraer jets to serve a number of its Midwest Connect routes. These jets will be phased into service from July 2009 through January 2010.
As a component of its ongoing restructuring plan, Midwest has reached a settlement agreement with SkyWest Airlines and will return the twelve 50-seat Canadair regional jets SkyWest currently operates for Midwest. “I’d like to thank SkyWest employees for their dedication to providing Midwest Connect customers with quality service over the past several years,” said Timothy E. Hoeksema, Midwest Airlines chairman.
Midwest Airlines features jet service throughout the United States, including Milwaukee’s most daily nonstop flights and best schedule to major destinations. Catering to business travelers and discerning leisure travelers, the airline earned its reputation as “The best care in the air” by providing passengers with impeccable service and onboard amenities at competitive fares.