secwatch.observer — SEC 8-K summary
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Issuer:     REPUBLIC AIRWAYS HOLDINGS INC. (RJET)
CIK:        0000810332
Form:       8-K
Filed at:   2022-12-29T23:59:59+00:00
Accession:  0001564590-22-039955
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 1.02, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesa Air reports Q4 net loss $115.6M; expands United CPA, sells 30 engines for $80M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810332/000156459022039955/0001564590-22-039955-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810332/000156459022039955/mesa-8k_20221227.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-039955

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer