MESA AIR GROUP INC

Republic Airways has completed its merger with Mesa Air Group; Republic shareholders hold around 88% of the common stock, Mesa shareholders between 6% and 12%. The combined company will operate the world’s largest fleet of Embraer E-Jets with 310 aircraft and will offer more than 1,300 daily departures to over 100 destinations in North America. Republic will continue serving American, Delta and United under existing capacity purchase agreements, and Mesa will support United under a new ten-year contract. The merged company will trade under the ticker RJET on the NASDAQ Global Select Market and employs more than 8,000 people. » More on de.investing.com

Shareholders of Mesa Air Group voted in favor of the planned merger with Republic Airways with around 99.25% of votes cast; representatives holding about 71.4% of outstanding shares participated in the extraordinary general meeting. The closing of the transaction remains subject to regulatory approvals but is expected this week. Mesa shares rose 96.47% after restructuring measures last year; the company operates 60 aircraft and about 233 daily departures as United Express. An amendment to the credit agreement with Jefferies was also announced, and the fiscal year-end was moved to December 31. » More on de.investing.com

Mesa Air Group has extended the maturity of its loan and guaranty agreement with Jefferies to 28 November 2025 (with an optional 30‑day extension), granted a 90‑day interest‑free period and provided collateral. The company is working on restructuring $121.5 million of liabilities and would achieve a $12.3 million reduction in equity upon full repayment. The planned share transaction with Republic Airways is expected to close after an extraordinary general meeting on 17 November, likely on 19 November; the combined company is projected to have over $300 million in cash and about $1.1 billion in debt. » More on de.investing.com