18-Feb-2010 5:17 PM
ExpressJet increases United Express ops
Analysis
As a measure of its successful diversification beyond Continental Express, ExpressJet Holdings is increasing its operations for United Express in a deal announced this week with United Airlines. The new agreement covers 22 Embraer ERJ 145s previously announced, as well as a further ten. As part of the agreement, on 17-Feb-2010, ExpressJet issued a warrant to United for the purchase of 2.7 million shares of common stock with an exercise price of USD0.01 per share of common stock.
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