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Fulbright
& Jaworski L.L.P.
A
Registered Limited Liability Partnership
666
Fifth
Avenue, 31st
Floor
New
York,
New York 10103-3198
www.fulbright.com
|
telephone: (212)
318-3000
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|
facsimile: (212)
318-3400
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| |
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September
7, 2007
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Republic
Airways Holdings Inc.
8909
Purdue Road, Suite 300
Indianapolis,
IN 46268
Ladies
and Gentlemen:
We
refer
to the Registration Statement on Form S-8 (the “Registration Statement”) to be
filed with the Securities and Exchange Commission under the Securities Act
of
1933, as amended (the “Act”), on behalf of Republic Airways Holdings Inc., a
Delaware corporation (the “Company”), relating to up to 5,000,000 shares of the
Company’s common stock, $0.001 par value per share (the “Common Stock”),
issuable pursuant to the Company’s 2007 Equity Incentive Plan (the
“Plan”).
As
counsel to the Company, we have examined such corporate records, other
documents, and such questions of law as we have deemed necessary or appropriate
for the purposes of this opinion and, upon the basis of such examinations,
advise you that in our opinion, all necessary corporate proceedings by the
Company have been duly taken to authorize the issuance of the Common Stock
pursuant to the Plan and the shares of Common Stock relating to the Plan being
registered pursuant to the Registration Statement, when issued and paid for
in
accordance with the terms of the Plan, will be duly authorized, validly issued,
fully paid and non-assessable.
We
hereby
consent to the filing of this opinion as Exhibit
5.1 to the
Registration Statement. This consent is not to be construed as an
admission that we are a person whose consent is required to be filed with the
Registration Statement under the provisions of the Act.
Very
truly yours,
/s/
Fulbright & Jaworski
L.L.P.