--- schema_version: "secwatch.filing_event.v1" accession: "0001564590-22-039955" form_type: "8-K" ticker: "RJET" cik: "0000810332" company_name: "REPUBLIC AIRWAYS HOLDINGS INC." filed_at: "2022-12-29T23:59:59+00:00" generated_at: "2026-06-20T22:11:55.432019+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # Mesa Air reports Q4 net loss $115.6M; expands United CPA, sells 30 engines for $80M ## Summary - Q4 revenue $125.6M, net loss $115.6M ($3.18/diluted); adjusted net loss $13.5M ($0.37). Fiscal 2022 revenue $531M, net loss $182.7M. - United CPA amended to add up to 38 CRJ-900s, rate increase for pilot pay through Sep 2025; Mesa restricted from new regional deals until 2026. - United provides $25.5M via revolver, $10M bridge loan; Mesa sells 30 GE engines to United for $80M gross, ~$53.5M net. - United receives board designee right and 10% fully diluted equity stake in Mesa. - American CPA terminated; wind-down by April 3, 2023; Mesa transfers aircraft to United starting March 2023; mutual release if no breach. ## SEC filing metadata - accession: 0001564590-22-039955 - form_type: 8-K - ticker: RJET - cik: 0000810332 - company_name: REPUBLIC AIRWAYS HOLDINGS INC. - filed_at: 2022-12-29T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 1.01, 1.02, 2.02, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/810332/000156459022039955/0001564590-22-039955-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/810332/000156459022039955/mesa-8k_20221227.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001564590-22-039955 - JSON: https://secwatch.observer/filing/0001564590-22-039955.json - Plain text: https://secwatch.observer/filing/0001564590-22-039955.txt ## Key facts - Earnings Releases REPUBLIC AIRWAYS HOLDINGS INC. reported fiscal full-year 2022 results: revenue $531.0 million, net income $182.7 million, EPS $(5.06) per diluted share. - Period: fiscal full-year 2022 - Revenue: $531.0 million - Net income: $182.7 million - EPS: $(5.06) per diluted share - Result: reported results source text: Total operating revenues of $531.0 million • Pre-tax loss of $234.7 million, net loss of $182.7 million or $(5.06) per diluted share evidence_url: https://www.sec.gov/Archives/edgar/data/810332/000156459022039955/0001564590-22-039955-index.htm - Earnings Releases REPUBLIC AIRWAYS HOLDINGS INC. reported fourth quarter 2022 results: revenue $125.6 million, net income $115.6 million, EPS $(3.18) per diluted share. - Period: fourth quarter 2022 - Revenue: $125.6 million - Net income: $115.6 million - EPS: $(3.18) per diluted share - Result: reported results source text: Total operating revenues of $125.6 million • Pre-tax loss of $148.6 million, net loss of $115.6 million or $(3.18) per diluted share evidence_url: https://www.sec.gov/Archives/edgar/data/810332/000156459022039955/0001564590-22-039955-index.htm - Material Agreements REPUBLIC AIRWAYS HOLDINGS INC. entered into Assignment and Assumption Agreement and Amended Credit Facility with United Airlines, Inc. valued at Revolving loan of $10.0 million bridge loan due January 31, 2024; revolving commitments of $30.7 mil (effective 2022-12-27). - Action: entry - Agreement: credit facility - Counterparty: United Airlines, Inc. - Value: Revolving loan of $10.0 million bridge loan due January 31, 2024; revolving commitments of $30.7 mil - Effective: 2022-12-27 source text: Revolving Line of Credit In connection with the above-referenced Amendment to the United CPA, United has agreed to purchase and assume, pursuant to an Assignment and Assumption Agreement (the “Assignment”), all of CIT Bank’s (“CIT”) rights and obligations under Mesa’s and Mesa Air Group Airline Inventory Management, L.L.C.’s existing Credit and Guaranty Agreement with CIT, which is guaranteed by the Company (the “Existing Agreement”). evidence_url: https://www.sec.gov/Archives/edgar/data/810332/000156459022039955/0001564590-22-039955-index.htm - Material Agreements REPUBLIC AIRWAYS HOLDINGS INC. entered into Engine Sale and Purchase Agreement with United Airlines, Inc. valued at Sale of 30 GE aircraft engines, gross proceeds approximately $80.0 million, net proceeds approximate (effective 2022-12-27). - Action: entry - Agreement: asset purchase - Counterparty: United Airlines, Inc. - Value: Sale of 30 GE aircraft engines, gross proceeds approximately $80.0 million, net proceeds approximate - Effective: 2022-12-27 source text: On December 27, 2022, the Company entered into an Engine Sale and Purchase Agreement with United (the “Engine Sale Agreement”). evidence_url: https://www.sec.gov/Archives/edgar/data/810332/000156459022039955/0001564590-22-039955-index.htm - Material Agreements REPUBLIC AIRWAYS HOLDINGS INC. entered into Third Amended and Restated Capacity Purchase Agreement with United Airlines, Inc. valued at Addition of up to 38 CRJ-900 aircraft; increased rates for pilot pay; United responsible for convers (effective 2022-12-27). - Action: entry - Counterparty: United Airlines, Inc. - Value: Addition of up to 38 CRJ-900 aircraft; increased rates for pilot pay; United responsible for convers - Effective: 2022-12-27 source text: Amendment to United CPA Mesa Air Group, Inc. (the “Company”) today announced that its wholly owned subsidiary, Mesa Airlines, Inc. (“Mesa”), entered into the Third Amended and Restated Capacity Purchase Agreement with United Airlines, Inc. (“United”) (as amended and restated, the “United CPA”), dated as of December 27, 2022, which amends and restates that certain Second Amended and Restated Capacity Purchase Agreement, dated as of November 4, 2020, with United (as theretofore amended). evidence_url: https://www.sec.gov/Archives/edgar/data/810332/000156459022039955/0001564590-22-039955-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.