Republic Airways and Mesa Air Group Complete Merger
Republic Airways Holdings Inc. RJET | 0.00 | |
MESA AIR GROUP INC MESA | 0.00 |
Republic Airways Holdings Inc. has completed its merger with Mesa Air Group, combining the two regional airlines into a single, publicly traded company. Under the terms of the agreement, Republic stockholders now own approximately 88% of the new entity, while Mesa stockholders hold between 6% and 12%, pending the final settlement of Mesa's pre-closing obligations. The merged company, which will operate under the ticker RJET on the NASDAQ Global Select Market, will maintain parallel operations as it works toward full consolidation. Together, they now own the world's largest Embraer jet fleet, with 310 E-Jets and more than 1,300 daily departures, and will continue to support major carriers including American Airlines, Delta Air Lines, and United Airlines.
