India, April 7 -- Mesa Air Group, Inc. (MESA), Monday announced a definite agreement with Republic Airways Holdings Inc., creating a regional carrier that continues to connect communities across America. The financial details of the transaction have not been disclosed.
The combined entity will be known as Republic Airways Holdings Inc. and is expected to remain NASDAQ-listed under the new ticker symbol 'RJET'.
Upon the closing of the merger, Republic shareholders will own 88 percent of the combined company's common shares, whereas Mesa shareholders will own a minimum of 6 percent, and up to 12 percent of the combined company dependent upon the latter's achievement of certain pre-closing criteria.
The combined company is expected to produ...