Attached files
| file | filename |
|---|---|
| EX-99.4 - REPUBLIC AIRWAYS HOLDINGS INC | v163009_ex99-4.htm |
| 8-K/A - REPUBLIC AIRWAYS HOLDINGS INC | v163009_8ka.htm |
| EX-23.1 - REPUBLIC AIRWAYS HOLDINGS INC | v163009_ex23-1.htm |
| EX-99.1 - REPUBLIC AIRWAYS HOLDINGS INC | v163009_ex99-1.htm |
| EX-99.2 - REPUBLIC AIRWAYS HOLDINGS INC | v163009_ex99-2.htm |
INDEPENDENT
AUDITORS’ REPORT
To the
Board of Directors and Shareholders of
Midwest
Air Group, Inc.
Milwaukee,
Wisconsin
We have
audited the accompanying consolidated balance sheets of Midwest Air
Group, Inc. and subsidiaries (the “Company”) as of December 31, 2008
(Successor) and 2007 (Predecessor), and the related consolidated statements of
operations, shareholders’ equity (deficit), and cash flows for the eleven-month
period ended December 31, 2008 (Successor), the one-month period ended
January 31, 2008 (Predecessor), and the years ended December 31, 2007
and 2006 (Predecessor). These consolidated financial statements are the
responsibility of the Companies’ management. Our responsibility is to express an
opinion on the consolidated financial statements based on our
audits.
We
conducted our audits in accordance with auditing standards generally accepted in
the United States of America. Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement. An audit includes consideration of internal
control over financial reporting as a basis for designing audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Companies’ internal control over financial
reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements, assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our
opinion, the Successor consolidated financial statements present fairly, in all
material respects, the financial position of the Company as of December 31,
2008 and the results of its operations, and its cash flows for the eleven-month
period ended December 31, 2008, in conformity with accounting principles
generally accepted in the United States of America. Further, in our opinion, the
Predecessor consolidated financial statements present fairly, in all material
respects, the financial position of the Predecessor as of December 31,
2007, and the results of its operations, and its cash flows for the one-month
period ended January 31, 2008, and the years ended December 31, 2007
and 2006, in conformity with accounting principles generally accepted in the
United States of America.
As
described in Note 14 to the consolidated financial statements, on
December 31, 2006, the Company adopted Financial Accounting Standards Board
Statement No. 158, Employers’ Accounting for Defined
Benefit Pension and Other Postretirement Plans — an amendment of FASB Statements
No. 87, 88, 106, and 132(R).
/s/
Deloitte & Touche LLP
Milwaukee,
Wisconsin
August 27,
2009