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News  ›  GlobeNewswire Inc.

Mesa Air Group enters into an Amendment to its Loan Agreement with the United States Treasury and Provides Update to its Pending Merger with Republic Airways

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Mesa Air Group, Inc.
Mesa Air Group enters into an Amendment to its Loan Agreement with the United States Treasury and Provides Update to its Pending Merger with Republic Airways

Mesa Air Group amended its Treasury loan agreement, extending maturity and reducing interest, while preparing for a merger with Republic Airways that would create a regional airline with estimated $1.8-2.0 billion annual revenue.

Insights
MESA   positive

Secured loan amendment with favorable terms, progressing towards merger with strong projected financials and potential stockholder value