Mesa Air Secures Loan Amendment with U.S. Treasury Amid Merger Talks with Republic

Mesa Air Group secures a crucial loan amendment with the U.S. Treasury, facilitating ongoing merger discussions with Republic, highlighting its financial maneuvering amidst industry consolidation.

• On October 30, 2020, Mesa Air Group amended its Loan and Guarantee Agreement with the U.S. Treasury, allowing for increased financial flexibility amid merger talks.
• The Amendment to the Loan Agreement involves specific terms regarding Collateral (finance) and provisions for Escrow accounts to support Mesas operations in Mesa, Arizona.
• This development is significant as Mesa Air Group is currently in active merger negotiations with Republic, which could reshape the regional airline landscape.