m_and_a
confidence high
sentiment neutral
materiality 0.80
Mesa Air Group and Republic Airways complete merger; new entity trades as RJET with United CPA
REPUBLIC AIRWAYS HOLDINGS INC.
- Merger closed; Legacy Republic stockholders receive 88% interest, pre-closing Mesa stockholders 6%, 2.85M escrow shares for United.
- Company enters 10-year Capacity Purchase Agreement with United for 60 E175 aircraft; prior Mesa CPA terminated.
- Prior Mesa loan agreements terminated; $31.9M repayment of Amended Loan Agreement results in $12.3M gain on extinguishment.
- New board appointed: David Grizzle CEO, Matthew Koscal President & CCO, Joseph Allman CFO, Paul Kinstedt COO, Chad Pulley GC.
- Independent auditor changed from CBIZ to Deloitte & Touche effective November 25, 2025.