Two Struggling Airlines Just Merged to Create a $1.9B Powerhouse--Here's What Investors Need to Know
Mesa Air and Republic Airways are joining forces, wiping debt and betting big on a unified regional flight empire.
| Ticker |
MESA
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| CIK | 0000810332 |
| SIC | 4512 |
| Sector | Transportation, Communications, Electric, Gas, And Sanitary Services |
| Industry Category | Transportation |
| Industry Group | Air Transportation |
| Address | 410 NORTH 44TH STREET, SUITE 700, PHOENIX, AZ, 85008 |
| Website | mesa-air.com |
| Phone | 602.685.4000 |
| CEO | Jonathan G. Ornstein |
| Employees | 2,450 |
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Latest NewsdocsIntrinio provides up-to-date news articles on every US company from various sources. Here are several examples: |
Two Struggling Airlines Just Merged to Create a $1.9B Powerhouse--Here's What Investors Need to KnowMesa Air and Republic Airways are joining forces, wiping debt and betting big on a unified regional flight empire. Mesa Air Strikes All-Stock Deal to Merge With Republic AirwaysMesa Air's (MESA) shares jumped intraday Monday after the Mesa Airlines parent agreed to merge with Republic Airways, Mesa Air to MergeRepublic Airways and Mesa Air Group have agreed to merge and create a publicly-traded regional airline in an all-stock transaction. Mesa Air Group Stock Soars as Regional Carrier Agrees To Merge With Republic AirwaysMesa Air Group shares soared Monday morning on news the carrier had agreed to merge with fellow regional carrier Republic Airways in an all-stock transaction. Regional airlines Republic Airways, Mesa Air Group are combining in an all-stock dealRepublic 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. 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. |