Republic Airways is nearing a deal to buy Trans States

Another wave of U.S. airline consolidation is here.

Republic Airways is nearing a deal to acquire U.S. regional airline Trans States Holdings, according to three people briefed on the matter.

The merger of the second and third largest regional airlines would mark another major consolidation in the U.S., where regional carriers have struggled to stay afloat amid a severe shortage of qualified aviators.

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