---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-075908"
form_type: "8-K"
ticker: "RJET"
cik: "0000810332"
company_name: "REPUBLIC AIRWAYS HOLDINGS INC."
filed_at: "2025-04-08T23:59:59+00:00"
generated_at: "2026-05-23T19:17:24.094729+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Mesa Air and Republic Airways to merge; Mesa shareholders to own 6-12% of combined co

## Summary
- Republic shareholders to own 88% of combined co; Mesa shareholders to own 6-12% based on pre-close criteria.
- Pro forma combined revenue ~$1.9B; adjusted EBITDA >$320M; net leverage ~2.5x; liquidity >15% of revenues.
- All Mesa debt extinguished at close; combined company led by Republic's Bryan Bedford; Board: 6 from Republic, 1 from Mesa.
- Expected to close late Q3/early Q4 2025; requires shareholder approvals, HSR clearance, and FAA/other regulatory nods.
- United Airlines enters Three Party Agreement; Mesa to obtain new 10-year capacity purchase agreement with United.

## SEC filing metadata
- accession: 0001193125-25-075908
- form_type: 8-K
- ticker: RJET
- cik: 0000810332
- company_name: REPUBLIC AIRWAYS HOLDINGS INC.
- filed_at: 2025-04-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/810332/000119312525075908/0001193125-25-075908-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/810332/000119312525075908/d944548d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-075908
- JSON: https://secwatch.observer/filing/0001193125-25-075908.json
- Plain text: https://secwatch.observer/filing/0001193125-25-075908.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.