ExpressJet Holdings announced (10-Nov-2010) its stockholders have voted to adopt and approve the merger agreement with SkyWest at a special meeting held on 10-Nov-2010 in Houston, Texas. On 04-Aug-2010, ExpressJet and SkyWest announced they entered into a definitive merger agreement whereby SkyWest will acquire all of the outstanding common stock of ExpressJet for USD6.75 per share in cash subject to the conditions of the definitive merger agreement. SkyWest advised that its intention is that ExpressJet Airlines will be merged with its wholly owned subsidiary, Atlantic Southeast Airlines, following the closing of the transaction and receipt of all required regulatory approvals. The merger is currently expected to close on 12-Nov-2010. [more]
ExpressJet stockholders approve merger with SkyWest
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As the most conspicuous and largest, Emirates Airline often takes on its shoulders the increasingly difficult task of defending Gulf aviation. Emirates often single handedly represents the Gulf and "Middle East Big 3", in much the same way as Dubai carries regional geopolitics.
Just as there are significant differences between the Big 3 US airlines who have strenuously opposed the Gulf carriers in the US market, so Emirates is fundamentally different from its peers: it is longer established, has a larger home market and has had a more commercial mandate from the beginning.
Yet Emirates must compete in a market where many others would like a piece of that market. Just as Dubai Inc modelled itself in many ways on Singapore Inc, there are many who would follow the same trail. This does not lead to steady market conditions.
Certainly the policies of US President Trump have hurt aviation and tourism. But Emirates' announcement of a 19% reduction in services to the United States is less about US policies and more about the nature of the market forces that started before Trump was even a serious Presidential contender.