The shareholders of Mesa Air Group, parent entity of Mesa Airlines (YV, Phoenix Sky Harbor), have approved the proposal to merge with Republic Airways (YX, Indianapolis International), the company announced in a notice to the market.

The merger proposal received 29.6 million votes in favour and 185,635 votes against. The business combination between both carriers still remains subject to regulatory approvals and other closing conditions. It is expected to close in the coming days, said Mesa.

The US Department of Transportation authorised both companies to complete their merger last month. The two airlines committed to operating independently until they obtain a joint certificate. In addition, the combined company will continue to serve its key partners under capacity purchase agreements, including American Airlines, Delta Air Lines, and United Airlines, with a combined fleet of about 310 E170 and E175 aircraft.

The merged company’s common share distribution will include Republic’s shareholders owning 88% of the company, while Mesa’s shareholders will own up to 12%. United Airlines will hold between 0% and 6%. The company will remain publicly traded on the Nasdaq under the new ticker symbol “RJET."