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Republic Airways and Mesa Air Group to Combine, Creating America's Regional Airline of Choice
Brings together two highly complementary cultures, fleets, and operations, which will continue to connect communities across America CARMEL, Ind. and PHOENIX,
About this update from Republic Airways Holdings Inc.
[{"type":"text","content":"Brings together two highly complementary cultures, fleets, and operations, which will continue to connect communities across America \nCARMEL, Ind. and PHOENIX, April 7, 2025 /PRNewswire/ -- Republic Airways Holdings Inc. and Mesa Air Group, Inc. (NASDAQ: MESA) today announced that they have entered into a definitive agreement to merge and create a leading publicly-traded regional airline company in an all-stock transaction. Upon closing, the combined company will be renamed Republic Airways Holdings Inc. and is expected to remain NASDAQ-listed under the new ticker symbol \"RJET\".\n\n\"Today's announcement is an exciting next step in Mesa's more than 40-year history, one that represents the best outcome for our shareholders, employees, and all of our stakeholders,\" said Jonathan Ornstein, Mesa's Chairman and Chief Executive Officer. \"By bringing the best of our organizations together, we will create a regional carrier that continues to connect communities across America while providing advancement opportunities to our employees.\"\n\"We're thrilled to combine the Republic and Mesa teams to create one of the world's leading Embraer Jet operators,\" said Bryan Bedford, Republic's President and Chief Executive Officer. \"Republic and Mesa share a common mission to connect communities across America, and we believe that we can better achieve that mission together. With this combination, we are establishing a single, well-capitalized, public company that will benefit from the deep expertise of Republic and Mesa associates, creating value for all stakeholders well into the future.\"\nRepublic Airways Overview\nRepublic Airways has been a leading regional airline since its inception in 1974 and is now one of the largest regional airlines in the United States. Republic has a fleet of more than 240 Embraer 170/175 aircraft and carried approximately 17.5 million passengers on more than 300,000 flights and 591,000 block hours in 2024. The airline primarily serves Northeast and Mid-Atlantic hubs and operates exclusively under long-term capacity purchase agreements with American Airlines, Delta Air Lines and United Airlines. In 2024, Republic delivered strong financial performance, producing net income of approximately $65 million on total revenues of approximately $1.5 billion. During the year then ended, Republic generated total operati...