<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: CONTRARIAN CAPITAL MANAGEMENT, L.L.C. -->
          <cik>0001050417</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Common Stock, par value $0.001 per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0000810332</issuerCik>
        <issuerName>Republic Airways Holdings Inc.</issuerName>
        <issuerCusip>590479408</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>2 Brickyard Lane</com:street1>
          <com:city>Carmel</com:city>
          <com:stateOrCountry>IN</com:stateOrCountry>
          <com:zipCode>46032</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Contrarian Capital Management, L.L.C.</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>4446210.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>4446210.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>4446210.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>9.5</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Jon R. Bauer</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>4446210.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>4446210.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>4446210.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>9.5</classPercent>
      <typeOfReportingPerson>HC</typeOfReportingPerson>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Republic Airways Holdings Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>2 Brickyard Lane, Carmel, Indiana 46032</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Contrarian Capital Management, L.L.C.
Jon R. Bauer</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>Contrarian Capital Management, L.L.C.
411 West Putnam Avenue
Suite 425
Greenwich, Connecticut 06830

Jon R. Bauer
c/o Contrarian Capital Management, L.L.C
411 West Putnam Avenue
Suite 425
Greenwich, Connecticut 06830</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Contrarian Capital Management, L.L.C. - Delaware
Jon R. Bauer - United States</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>Contrarian Capital Management, L.L.C. - 4,446,210
Jon R. Bauer - 4,446,210</amountBeneficiallyOwned>
        <classPercent>Contrarian Capital Management, L.L.C. - 9.5%
Jon R. Bauer - 9.5%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>Contrarian Capital Management, L.L.C. - 0
Jon R. Bauer - 0</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>Contrarian Capital Management, L.L.C. - 4,446,210
Jon R. Bauer - 4,446,210</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>Contrarian Capital Management, L.L.C. - 0
Jon R. Bauer - 0</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>Contrarian Capital Management, L.L.C. - 4,446,210
Jon R. Bauer - 4,446,210</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>N</notApplicableFlag>
        <ownershipMoreThan5PercentOnBehalfOfAnotherPerson>All of the securities reported in this Schedule 13G are directly owned by advisory clients of Contrarian Capital Management, L.L.C. None of those advisory clients may be deemed to beneficially own more than 5% of the Common Stock, par value $0.001 per share.</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
      </item6>
      <item7>
        <notApplicableFlag>N</notApplicableFlag>
        <subsidiaryIdentificationAndClassification>Please see Exhibit B attached hereto.</subsidiaryIdentificationAndClassification>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>Y</notApplicableFlag>
      </item10>
    </items>
    <exhibitInfo>Exhibit A - Joint Filing Agreement

Exhibit B - Control Person Identification</exhibitInfo>
    <signatureInformation>
      <reportingPersonName>Contrarian Capital Management, L.L.C.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Jon R. Bauer</signature>
        <title>Jon R. Bauer, Managing Member</title>
        <date>02/12/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Jon R. Bauer</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Jon R. Bauer</signature>
        <title>Jon R. Bauer</title>
        <date>02/12/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureComments>* Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.</signatureComments>
  </formData>

</edgarSubmission>
