Actually, Matt, it is not likely to be a hoax, but may not be going anywhere either.
The URL, http://www.republicairlines.com
, is owned by Wexford Capital, LLC, the parent company of (among many other things) Chatauqua Airlines. In addition, though Wexford is based in Greenwich, CT
, the phone number shown on the webpage you've linked is...
The URL record was created on September 13, 2001. This may be an idea whose realization will never come. But, for what it is worth, it is owned by an entity which is already in the airline business, and which has the ability if they so choose to start another airline at will.
...three miles from BRONS, clear for the ILS one five approach...