> Indianapolis-based Republic Airways and Mesa Air Group to combine in all-stock deal
Indianapolis-based Republic Airways and Mesa Air Group to combine in all-stock deal
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Description
Republic Airways and Mesa Air Group Inc. are combining in an all-stock deal that will create a regional airline with access to more planes to service routes.
Specific financial terms of the deal weren't disclosed in a statement Monday, April 7.
Republic, started in 1974, has a fleet of more than 240 Embraer 170/175 aircraft and carried about 17.5 million passengers on more than 300,000 flights last year. It mostly serves Northeast and Mid-Atlantic hubs and operates exclusively under long-term capacity purchase agreements with American Airlines, Delta Air Lines and United Airlines.
MORE: https://www.wthr.com/article/money/business/indiana-based-republic-airways-mesa-air-group-combine-all-stock-deal/531-a24d26d5-2334-4e1d-8ef1-3bf94a82ccf4