Republic Airways Holdings Inc. and Mesa Air Group, Inc. have entered into a definitive agreement to merge, forming a leading publicly traded regional airline. The merger, an all-stock transaction, will result in a combined company named Republic Airways Holdings Inc., which will continue to be listed on NASDAQ under the ticker symbol “RJET.”
Mesa CEO Jonathan Ornstein expressed excitement about the merger, calling it a significant step in Mesa’s 40-year history, creating value for shareholders, employees, and stakeholders alike. Bryan Bedford, President and CEO of Republic Airways, also praised the merger, highlighting the shared mission to connect communities across the U.S. and the potential to enhance operations with the combined expertise of both teams.
Republic Airways, a major regional airline founded in 1974, operates over 240 Embraer 170/175 aircraft. It had a strong financial performance in 2024, with a net income of $65 million and revenues around $1.5 billion. The merger aims to enhance economies of scale, provide a stronger capital position, and create a unified, efficient platform for the future.
The combined company will operate a fleet of approximately 310 Embraer 170/175 aircraft and will continue to serve key airlines such as American Airlines, Delta Air Lines, and United Airlines. The merger is expected to enhance operational efficiency, provide growth opportunities, and maintain a strong safety and reliability culture across both companies.
Source: Swifteradio.com
