REPUBLIC AIRWAYS HOLDINGS INC. 10-K

ITEM 2. PROPERTIES Flight Equipment As of September 30, 2023, our aircraft fleet consisted of the following : Average Passenger Flight Cruising Average Aircraft Type Owned Leased Total Capacity Range (miles) Speed (mph) Age (years) E-175 Regional Jet 18 42 60 70-76 2,100 530 7.9 CRJ-900 Regional Jet 54 — 54 76-79 1,500 530 18.1 CRJ-700 Regional Jet — 2 2 50-70 1,600 530 16.4 Boeing 737 Cargo Jet — 4 4 2,600 530 30.0 Total 72 48 120 Several factors impact our fleet size, including contract expirations, lease expirations, growth opportunities and opportunities to transition to an alternative airline partner. Below is a summary of our fleet by aircraft type. Our actual future fleet size and mix of aircraft types will likely vary, and may vary materially, from our current fleet size. ▪ E-175s – As of September 30, 2023, we operated 54 E-175 aircraft under our United CPA. As part of our Amended and Restated United CPA, we agreed to extend the term of 42 of our E-175 aircraft (owned by United) for an additional five years which will now expire between 2024 and 2028, subject to United's early termination rights. United also has the right to extend the term of these aircraft for four additional three-year increments. In addition, 18 of the E-175 aircraft (owned by us) operating under our United CPA expire between January 2028 and November 2028, subject to United's early termination rights. Our United CPA permits United, subject to certain conditions, including the payment of certain costs tied to aircraft type, to terminate the United CPA in its discretion, or remove aircraft from service, by giving us 90 days’ notice. ▪ CRJ-900s – As of September 30, 2023, we operated 26 CRJ-900 aircraft under our United CPA and 28 CRJ-900 aircraft as operational spares. As part of our Amended and Restated United CPA, we may operate up to 38 CRJ-900 aircraft on behalf of United, dependent on the number of E-175 aircraft we are operating. ▪ CRJ-700s – As of September 30, 2023, our fleet included two CRJ-700 aircraft which were leased to a third party. ▪ Boeing 737 Cargo Jets – As of September 30, 2023, we leased one Bowing 737 aircraft from a third party and subleased three Boeing 737 aircraft from DHL under our DHL FSA. The DHL FSA expires five years from the commencement date of the first aircraft placed into service. The first revenue generating flight took place in October 2020. 40 Facilities In addition to aircraft, we have office and maintenance facilities to support our operations. Each of our facilities are summarized in the following table: Type Location Ownership Approximate Square Feet Corporate Headquarters Phoenix, Arizona Leased 33,770 Training Center Phoenix, Arizona Leased 23,783 Parts/Stores Phoenix, Arizona Leased 12,000 Hangar Phoenix, Arizona Leased 22,467 Office, Hangar and Warehouse El Paso, Texas Leased 31,292 Parts Storage Dallas, Texas Leased 8,143 Hangar Houston, Texas Leased 74,524 Hangar Louisville, Kentucky Leased 26,762 Hangar Dulles, Washington Leased 28,451 Cargo Building Dulles, Washington Leased 1,475 Warehouse Tucson, Arizona Leased 13,276 Warehouse, Office Erlanger, Kentucky Leased 7,070 We believe our facilities are suitable and adequate for our current and anticipated needs.