# EDGAR Filing Document

**Accession Number:** 0000810332
**File Stem:** 0000000000-25-009579
**Filing Date:** 2025-9
**Character Count:** 7785
**Document Hash:** 8ebb60d388030da0432fe2c87ea2dd8f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-009579.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0000000000-25-009579

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250904

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** REPUBLIC AIRWAYS HOLDINGS INC.
- **CENTRAL INDEX KEY:** 0000810332
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIR TRANSPORTATION, SCHEDULED [4512]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 850302351
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 333-288622

**BUSINESS ADDRESS:**
- **STREET 1:** 2 BRICKYARD LANE
- **CITY:** CARMEL
- **STATE:** IN
- **ZIP:** 46032
- **BUSINESS PHONE:** 317-484-6000

**MAIL ADDRESS:**
- **STREET 1:** 2 BRICKYARD LANE
- **CITY:** CARMEL
- **STATE:** IN
- **ZIP:** 46032

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MESA AIR GROUP INC
- **DATE OF NAME CHANGE:** 19950426

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MESA AIRLINES INC
- **DATE OF NAME CHANGE:** 19950426
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001193125-25-157722

## Text-Extract

```

                                                            September 4, 2025

Michael J. Lotz
Chief Financial Officer
Mesa Air Group, Inc.
410 North 44th Street, Suite 700
Phoenix, AZ 85008

       Re: Mesa Air Group, Inc.
           Amendment No. 1 to Registration Statement on Form S-4
           Filed August 14, 2025
           File No. 333-288622
Dear Michael J. Lotz:

     We have reviewed your amended registration statement and have the
following
comments.

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe a comment applies to your
facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information
you provide in response to this letter, we may have additional comments. Unless
we note
otherwise, any references to prior comments are to comments in our August 7,
2025 letter.

Amendment No. 1 to Registration Statement on Form S-4
Cover Page

1.     We note your response to prior comment 1. To the extent that you did not
assign
       specific values to Mesa and Republic, please revise the cover letter and
Question and
       Answer section at page 16 to provide the information set forth in your
supplemental
       response to prior comment 1.
2.     We note your response to prior comment 2. Please further revise the
fourth paragraph
       on the cover page to disclose the implied value based on the share price
on the date of
       the signing of the Merger Agreement.
 September 4, 2025
Page 2
Why are the two companies proposing to merge?, page 18

3.     We note your response to prior comment 4. While we note that you have
included a
       cross reference to a description of potential contractual limitations,
this section should
       also provide a summary of those limitations. Please revise accordingly.
You
       disclosure should address how the contractual limitations affect the
benefits described
       in paragraph 1.

What is the Escrow Issuance and how will the Escrow Assets be distributed?,
page 19

4.     We note your response to prior comment 6. While we note that the final
Escrow
       Amount cannot be determined until after closing, please provide
illustrative disclosure
       to set forth the amounts that would be payable under different potential
scenarios or
       tell us why you are unable to do so.
Mesa's Reasons for the Merger, page 30

5.     We note your response to prior comment 9. In addition, we note your
revisions at
       page 31. Please revise your Background of the Merger and elsewhere as
appropriate to
       clarify how the proposed transaction addresses the concern described in
the eighth
       bullet on page 31.
Mesa is highly dependent on its agreement with United Airlines, page 55

6.     We note your response to prior comment 11. Please revise to clarify the
meaning of
       the phrase "rolls off" in this context. Also, given that the United CPA
is terminable,
       please revise disclosure regarding deal synergies to describe the
negative effect on the
       combined company if termination occurs.
The Merger
Background of the Merger, page 101

7.     Refer to the final sentence of the first paragraph of this section.
Revise to clarify the
       statement "... in light of the restrictions set forth in Mesa's existing
capacity purchase
       agreement."
8.     We note the final paragraph on page 101 and paragraphs at the top of
page 102, and
       we reissue prior comment 14, in part. We note that you continue to
provide a broad
       overview of discussions rather than additional detail regarding the
substance of these
       preliminary negotiations. For example, expand your disclosure regarding
the "periodic
       conversations" in the first quarter of 2023 and your discussions with
representatives of
       United about facilitating the transaction. Your disclosure should
provide sufficient
       information for shareholders to understand how the preliminary talks
progressed,
       including your discussion of "potential structure and principal
financial terms" and
       how those initial deal structures and terms changed over time. Please
revise.
9.     We note the last paragraph on page 102 where you refer to    escrow
arrangements
       discussed by the parties at their August 17, 2023   ; however, your
background does
       not appear to describe this meeting. We also note that the Background
contains
       relatively limited express mention of the amended and restated capacity
purchase
       agreement. Please revise accordingly.
 September 4, 2025
Page 3

10.    We note your response to our prior comment 18 and re-issue it in part.
Your
       disclosure on page 108 indicates that following the March 17, 2025 Mesa
Board
       meeting, certain adjustments were made in order to give effect to the
88%/6%/6% pro
       forma Surviving Corporation equity splits. Revise your disclosure here
to provide
       additional details regarding the assumptions, including quantitative
information, relied
       upon in concluding that the Exchange Ratio be reduced from 636.0 to
584.90.
11.    We note relatively few revisions with respect to your negotiations from
mid-July 2024
       through April 7, 2025. Accordingly, we re-issue prior comment 17. Please
revise to
       disclose the substance of the meetings and discussions including the
specific factors
       that were considered. Provide sufficient detail so that investors may
clearly
       understand how terms evolved in the iterative negotiation process.
Mesa Management Unaudited Prospective Financial Information, page 112

12.    We note your response to prior comment 20. Refer to the first full
paragraph on page
       113. Please revise to quantify the amount of debt that was repaid in
your assumptions.
       Please contact Jenifer Gallagher at 202-551-3706 or Karl Hiller at
202-551-3686 if
you have questions regarding comments on the financial statements and related
matters. Please contact Anuja Majmudar at 202-551-3844 or Daniel Morris at
202-551-3314
with any other questions.

                                                            Sincerely,

                                                            Division of
Corporation Finance
                                                            Office of Energy &
Transportation
cc:   Kevin Criddle

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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